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Tax Incentives:
Panama provides significant tax incentives for companies operating overseas, including no overseas income tax, capital gains tax (except for real estate sales within Panama), and stock issuance tax.
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Favorable Corporate Laws:
Panama's corporate law allows for "bearer shares," company directors can be from any country, the cost of establishing a company is low, and it provides the right to establish private interest foundations.
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Low Labor Costs:
In comparison to North America, labor costs in Panama are significantly lower. The cost of unskilled labor is approximately $3 per hour, while the costs for executive and managerial positions are usually 60-70% cheaper in Panama.
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World-Class Banking System:
Panama is a global leader in the banking industry, providing support for businesses, issuing credit exceeding any other country in Central America, and due to the numerous banking institutions, the interest rates are highly competitive.
Tax Info
Enter Dynamic Page- General CIT Rate
- 25
- CIT Return Due Date
- Three months after the end of the fiscal year.
- CIT Payment Due Date
- Tax payments must be made within three months after the end of the respective accounting period.
- CIT Estimated Payment Due Date
- 6 months, 9 months, and 12 months after the end of the tax year.
- Resident Withholding Tax (Dividend/Interest/Royalty)
- 5, 10 - 20/NA/NA
- Non-Resident Withholding Tax (Dividend/Interest/Royalty)
- 5, 10 - 20/12.5/12.5
- General VAT Rate
- 7
- General Capital Gain Tax Rate
- Return on investment sees Panama Company tax summary.
- Composite Effective Average Tax Rate
- 23.33%
- Composite Effective Marginal Tax Rate
- 18.47%
Administrative Regions
- 1 - Bocas del Toro Province
- 10 - Panamá Oeste Province
- 2 - Coclé Province
- 3 - Colón Province
- 4 - Chiriquí Province
- 5 - Darién Province
- 6 - Herrera Province
- 7 - Los Santos Province
- 8 - Panamá Province
- 9 - Veraguas Province
- EM - Emberá-Wounaan Comarca
- KY - Guna Yala
- NB - Ngöbe-Buglé Comarca
Belonging Jurisdiction
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PA - Panama
Republic of PanamaLearn MoreRepublic of Panama -
WORLD - Global
EarthLearn MoreEarth
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