Panama, December 12, 2025. The Panamanian Tax Authority, through its Department of Information Exchange, formally recognizes the law firm Alemán, Cordero, Galindo & Lee (ALCOGAL) for its consistent collaboration and responsibility in complying with Law 51 of 2016, which governs fiscal transparency and the automatic exchange of information (CRS) as well as the implementation of the FATCA agreement.
- The recognition highlights several positive aspects of the firm’s work:
- Client advisory: The firm has helped clients interpret and apply the regulations, promoting compliance within the financial sector.
- Internal process optimization: ALCOGAL has adapted its protocols to ensure efficient and orderly management of information required by law.
- Constructive communication: The firm maintains clear and proactive communication with the authorities, contributing to improvements in administrative processes.
- Promotion of a compliance culture: Their professional attitude has fostered a culture of ethics and voluntary compliance in the market.
The recognition acknowledges the operational and administrative challenges of adapting to evolving regulations and values of the firm’s diligence and cooperation. It also mentions that, thanks to the collaboration between both parties, Panama has improved its international rating in fiscal information exchange.
Finally, the authority expresses gratitude for the teamwork and encourages continued commitment, reaffirming its willingness to support the firm in fulfilling its legal obligations.