Economic Substance in Panama: Which Companies Are Affected
From the 2027 fiscal year, Panama is changing the way it taxes foreign income, and for some companies economic substance in Panama becomes the condition for keeping their tax exemption. […]
Tag: Panama
Panama Crypto Company: Regulation and Licensing
Panama attracts entrepreneurs in the digital-asset sector through a combination of low taxes and flexible corporate law. A Panama crypto company can operate in foreign markets without a specific financial
Panama: Accounting Record Obligations Deadline for Companies 2026
Panamanian legal entities operating outside of Panama must submit annual financial reports by 30 April 2026. They must also confirm the physical address where their accounting records are kept. Reporting
Discover the Top 7 Countries with Zero Income Tax: A Comprehensive Guide
Introduction: The Allure of Zero Income Tax Countries It is no secret that tax burden is one of the key factors when structuring an international business. This accounts for the
Panama introduced the requirement for the mandatory keeping of accounting records
The Law of Panama No. 254 of 11 November 2021 establishes the rules regarding combating the legalization of proceeds from crime. The changes, in particular, imply the obligation to keep
Tax amnesty in Panama
Legislative bodies of Panama have enacted a Law 49 of 11 September 2018 (Law 49) that amends Tax Code of Panama and some other legal acts. The mentioned Law 49
New record keeping requirements for Panamanian companies
From 1 January 2017 Panamanian companies that do not carry on business in Panama are required to keep accounting records and underlying documentation in the office of their registered agent
Panama to join the OECD Convention on tax matters
The Republic of Panama declared on July 15, 2016 its intention to sign the Convention on mutual administrative assistance in tax matters. It means that another popular offshore jurisdiction is