MEF orders immediate measures amid irregularities detected at the DGI

An audit by the Panamanian government uncovered serious irregularities within the Direction General of Internal Revenue (DGI). The findings revealed a scheme that had been operating for several years, involving manipulation of tax filings and potential misappropriation of public funds. In response, the Ministry of Economy and Finance, headed by Minister Felipe Chapman, announced a series of immediate corrective actions. These measures include suspending implicated personnel, tightening oversight of tax assessments, and launching a formal investigation to determine the scope of the misconduct. The ministry emphasized the need to protect public resources and restore confidence in the tax administration. It also pledged to implement stricter controls and auditing procedures to prevent future irregularities. The move is part of a broader effort to enhance transparency and accountability within Panama’s fiscal framework, aligning with international standards for good governance. Stakeholders, including taxpayers and oversight bodies, have been reassured that the government is taking decisive steps to address the issue and to safeguard the integrity of the tax system. The irregularities were identified through routine compliance checks and whistleblower reports, which prompted an internal audit. Preliminary analysis indicates that the irregularities involved the improper classification of certain tax categories, leading to significant revenue losses. The ministry has committed to revisiting affected tax assessments and to recovering any undue benefits obtained by the implicated parties. Additionally, the government will work with the National Assembly to propose legislative adjustments that reinforce anti‑fraud provisions. The announcement underscores the administration’s zero‑tolerance stance toward tax evasion and reinforces Panama’s commitment to maintaining a transparent fiscal environment that supports sustainable economic growth.