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Tax

If you live in Panama or plan to move soon, you might be wondering about the tax environment in the country. In this article, we will share some information related...

Due to the national state of emergency because of COVID-19, some articles of the Tax Code were modified to alleviate the economic impact. Article 1 of Executive Decree 251 establishes...

On December 31, 2019, Law 122 was established, which amends Law 80 of 2012. Law 122 dictates incentive rules for the promotion of tourism activity. Investors who develop new tourism...

On October 11, 2019, Law 99 was published granting general tax amnesty for the payment of taxes owed to the Panama General Revenue Directorate (DGI). Likewise, this law amends Law...

Filing taxes for the first time in a foreign country can be confusing, especially if you are not familiar with their system or the language. With the video and instructions...

We dicussed in another article the advantages of Territorial Taxation, as opposed to Worldwide Taxation, and the fact that Panama is a country that applies Territorial Taxation. Consequently, clients frequently...