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What are the Reforestation Incentives Established by the Panamanian Government?

April 26, 2017government incentives panamanian REFORESTATION

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What are the Reforestation Incentives Established by the Panamanian Government?

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Law 24 of November 23rd, 1992, created incentives for reforestation activities in The Republic of Panama. Furthermore through the Executive Decree No.89 of June 8th , 1993, reforestation projects in Panama are not subject to any income tax on any profits from the wood produced.