Panama tax status 2023June 2023
Panama's legal and tax structures make it a pure tax haven.
Panama imposes no income, corporate, capital gains, or estate taxes on offshore entities that only engage in business outside of the jurisdiction.
Offshore companies can engage in business locally—a rare perk—but will pay local taxes.
Panama Income Tax Rate 2023January 2023
Panama personal Income Tax Rate remained unchanged at 25 % in 2023.
Panama Canal reopenedDecember 2010
The Panama Canal which was closed for about 10 hours due to heavy rains and floods reopened early Thursday.
The 48 miles canal closed only twice in the past, in 1915-1916 for a few months due to landslides and in 1989 following the U.S. invasion to Panama governed by Manuel Noriega.
Note: The information in this site is for general guidance only. Users of this site are advised to take professional advice before taking practical tax decisions.
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