Panama signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters
On October 27, 2016 Panama signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, developed by the Organisation for Economic Co-operation and Development (OECD). The Convention was adopted in 1988 to establish an effective mechanism for cooperation between tax authorities of the different states against cross-border tax evasion. Panama has become 105th party to the Convention. Russia has ratified the Convention in 2014.