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Through Law 160 of September 1, 2020, Law 99 of 2019 has been modified, which is related to the Tax Amnesty for the payment of taxes.

Article 710 of the Tax Code, which regulates all matters pertaining to the filing of sworn income tax statements by taxpayers, for income earned during the previous tax year, stipulates that:

The Panamanian government has issued Law 99 of October 11, 2019, which establishes a General Tax Amnesty Law that includes the elimination, for a limited period, of the penalties and surcharges caused by non-payment ...

The financial obligation of parents with their children of legal age will be until they reach 25 years-old.

Law 52 of October 17, 2018, which regulates call centers activities for commercial use amends the tax incentives received by these companies.

Last year I wrote an article related to tax residence in Panama. On such article I mentioned that the OECD would be closing loopholes and forcing countries and subsequently Banks, to do more due diligence on their clients ...

Nowadays, when many countries are announcing an increase in taxes due to the coronavirus pandemic, surely a lot of individuals are or will be looking to do some tax planning by changing their tax residence to...

In Panama, sports is a sector that is constantly developing and has the potential for growth, but only if we are willing to invest in the necessary infrastructure to give our athletes the opportunity to succeed.

The Panamanian Government recently approved a bill that establishes an incentive program to recover and promote the conservation of natural forests.

Nowadays, when many countries are announcing an increase in taxes due to the coronavirus pandemic, surely a lot of individuals are or will be looking to do some tax planning...

El gobierno panameño emitió la Ley 99 de 11 de octubre de 2019 que establece una ley de Amnistía Tributaria General ("Amnistía") que incluye la eliminación, por un periodo limitado y en forma escalonada, ...

The enactment of Law 526 of 2026 in Panama introduces strict obligations for companies that are part of multinational groups and earn passive income from foreign sources. With entry into force set for fiscal year 2027, organizations that fall behind face a 15% tax rate on their net taxable foreign-source income if they fail to demonstrate a genuine operational presence within national territory. Given this regulatory landscape, delegating accounting and labor administration to qualified local providers is no longer merely an efficiency option, it has become a pillar of legal compliance.

Law No. 5 of January 25, 2006 modifying Article 5 of Law 108 of 1974 which grants incentives for exports and indicates other provisions", sets forth, in its Article 2, that it modified Article 701 of the Fiscal Code, to wit

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

La República de Panamá tiene un Sistema Tributario que se basa en el Principio Territorial de Tributación. Este principio que Panamá soberanamente ha escogido, significa que sólo los...

We all know that Panama has a privileged geographical position, nestled between the two America's and a stone's throw away from the Caribbean.

For decades Panama has served as a financial hub for Latin America. Flexible corporate vehicles, qualified fiduciary experience, a developed banking center and a stable, dollarized economy, coupled with a territorial taxation system, have attracted High-Net-Worth Individuals and families from throughout the region.