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Family Tax Patrimony

Law 66 of 2017, which regulates property taxes, introduces the concept of Family Tax Patrimony. That it is nothing more than your house, apartment, the place where you usually live with your family. Every property that is registered as Family Tax Patrimony will enjoy several benefits, sucha as, the first $120,000 of the property’s value …

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New Tax Amnesty in Panama

For companies, limited liability companies, private interest foundations and other legal structures that must pay the annual franchise tax, they can also take advantage of this new tax amnesty in order to pay their surcharges and fines, which are due up to February 29, 2020, with an 85% discount on them.