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Legal updates
¿Sigue tu ingreso del exterior sin pagar impuestos en Panamá? Lo que la Ley 526 cambió (y lo que no)
What Law 526 introduces on economic substance, what it does not modify in the territorial system, and why its pending regulation leaves several points undefined.
Tax Lottery in Panama: how it works and what taxpayers need to know
The Tax Lottery in Panama rewards consumers who request an electronic invoice with their RUC: every valid invoice enters the MEF draws. We explain how it works, how to take part and what benefits it brings for taxpayers.
Reform of Panama's Tax Code: economic substance and removal from the tax-haven lists
Panama is reforming its Tax Code to increase tax transparency and exit the European Union's tax-haven lists. The reform seeks to prevent tax evasion by international companies, require genuine economic substance and apply a 15% tax to those who do not comply. This will affect companies operating in the country.
Property Tax in Panama: rates, payment dates, and exemptions
The Property Tax in Panama affects owners with debts, which they usually discover when trying to sell or inherit their properties. It is based on the cadastral value, with progressive rates and available exemptions. Payments are made in three annual installments, and failure to pay on time can result in surcharges and interest.
Private Interest Foundation in Panama: what it is and how it is regulated by Law 25 of 1995
The private interest foundation is not just a legal structure: it is a genuine asset protection strategy. Regulated by Panamanian legislation, it allows for the organization,
Tax Identification Numbers (TIN) in Panama: a basic guide
If you're moving to Panama, you'll soon come across three acronyms—RUC, NIT, and NT—that are often used as if they mean the
New minimum wage in Panama as of January 2026: what companies should know
Starting January 16, 2026, Panama will implement a new minimum wage with adjustments based on economic activity, impacting payrolls and labor costs. The increases vary by sector, and it is essential for companies to assess their situation to avoid fines. It is recommended to consult the decree and seek legal advice.
Tax Residency in Panama: What It Is and What It Entails
Tax residency in Panama determines which country you pay taxes to. Thanks to the territorial system, your foreign-source income is not taxed here. We explain the 183-day rule, the difference from immigration residency and how to obtain the Tax Residency Certificate from the DGI.
Who must keep accounting records in Panama?
In Panama, keeping accounting records is mandatory for almost every legal entity, including offshore corporations and private interest foundations that do not operate in the country. Law 52 of 2016, amended by Law 254 of 2021, requires the accounting to be retained and delivered to the resident agent every year before 30 April. Failing to comply leads to fines and suspension of corporate rights.
Panama: The new epicenter for investment and quality of life according to Forbes Central America
Panama is consolidating its position as one of the most strategic destinations for those seeking to invest, reside or establish a new life in a safe, stable and secure country.
ATTT enables new online registration of traffic tickets
The Authority of Transit and Land Transportation (ATTT) launched a new digital system that allows drivers to register and validate their traffic tickets at
Law 299 of 2025: What does it mean for foreign investors in Panama?
2025 marks a key year for the attraction of foreign capital in Panama. With the approval of Law 299, the country introduces a special passport.
MIGRATION REQUIRES FOREIGN RESIDENTS TO UPDATE THEIR ADDRESS
The National Immigration Service has communicated that all foreigners with temporary, provisional or permanent residence in Panama must update their address in case of change, under penalty of fines and possible more serious sanctions.
LOG IMPROVEMENTS (CONSTRUCTION) IN PANAMA
In Panama, it is critical to register all of the improvements or permanent construction that you make in your property. If you do not, you could face penalties and
Residency for Pensioners and Retirees in Panama: Requirements and Benefits
Panama’s pensioner visa grants permanent residency to those who receive a lifetime pension from US$1,000 per month. It includes the Law 6 of 1987 discounts (transport, health, leisure) and tax advantages from the territorial system. We explain requirements, benefits and how it is processed.
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