 Efectuada la retención, el agente de retención es el único obligado ante a la Dirección General de Ingresos.

The tax residency certificate is only applicable to residency of countries with which Panama has subscribed double taxations treaties.

It is common for local authorities to exceed their fiscal borders when levying construction taxes for the repair or construction of streets or roads.

Panama ranks number 10 on economic freedom, from a list of 29 Latin-American economies evaluated, and this score slightly surpasses the regional. Its economy is 65.9% free and occupies position 47 of 157 countries on the world liberty level.

Luego de la filtración de documentos de la firma de abogados panameños Mossack-Fonseca a través del titular Panamá Papers...

Esta Convención que se caracteriza por ser multilateral, de amplio alcance, flexible y uniforme, hace referencia a un intercambio automático de información periódicamente por el país de la fuente al país de residencia.

Following are some of the benefits to SEM Corporations

Net taxable income calculated by the method established in this title. The first step is to reduce from the gross income from Panamanian source the deductible costs and expenses, what gives the taxable income.