Certificado de Poder Cancelatorio (CPC)

English translation: Payment Certificate (CPC)

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15:39 May 23, 2018
Spanish to English translations [PRO]
Law/Patents - Law (general) / Law about agricultural sector in Panama
Spanish term or phrase: Certificado de Poder Cancelatorio (CPC)
This is the name of a government initiative awarded to certain companies in the agricultural, importation, exportation and manufacturing sectors in Panama. Here is the link that explains exactly what it is: https://dgi.mef.gob.pa/Créditos-devoluciones/C-P-Cancelatori...

I would like some help with how to translate (or explain) this title English. Thank you very much in advance!
HannahBreckner
Mexico
Local time: 00:11
English translation:Payment Certificate (CPC)
Explanation:
I've found a few references for 'Payment Certificates'

3.3.4.5.2 Payment certificates

3.184. Payment certificates (CPC) are granted to taxpayers which export or re-export goods and which, because of the scale of their operations, continually maintain a balance in their favour in ITBMS declarations.251 The CPC can only be used to pay the ITBMS. In 2013, the fiscal cost of this instrument for the State was B 1.4 million (Table 3.10).

https://docsonline.wto.org/dol2fe/Pages/FE_Search/FE_S_S009-...



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Note added at 7 hrs (2018-05-23 22:39:22 GMT)
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You'll find the same text on page 74 of the following document.

https://www.wto.org/english/tratop_e/tpr_e/s301_e.pdf
Selected response from:

Helena Chavarria
Spain
Local time: 07:11
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +1Payment Certificate (CPC)
Helena Chavarria


  

Answers


6 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
Payment Certificate (CPC)


Explanation:
I've found a few references for 'Payment Certificates'

3.3.4.5.2 Payment certificates

3.184. Payment certificates (CPC) are granted to taxpayers which export or re-export goods and which, because of the scale of their operations, continually maintain a balance in their favour in ITBMS declarations.251 The CPC can only be used to pay the ITBMS. In 2013, the fiscal cost of this instrument for the State was B 1.4 million (Table 3.10).

https://docsonline.wto.org/dol2fe/Pages/FE_Search/FE_S_S009-...



--------------------------------------------------
Note added at 7 hrs (2018-05-23 22:39:22 GMT)
--------------------------------------------------

You'll find the same text on page 74 of the following document.

https://www.wto.org/english/tratop_e/tpr_e/s301_e.pdf

Helena Chavarria
Spain
Local time: 07:11
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 325

Peer comments on this answer (and responses from the answerer)
agree  Yvonne Gallagher
15 hrs
  -> Thank you, Yvonne :-)
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