Corporate taxation

Tipo del impuesto de sociedades 0 Tipo impositivo de la sucursal 0 Tipo del impuesto sobre las ganancias de capital 0

1. Income Tax 25%
2. VAT 7%
3. Capital Gain 10%

Residence: Panamá

Basis: Territorial tax system

Taxable income: 25%

Significant local taxes on income: 25%

Alternative minimum tax: 25%

Taxation of dividends: 10%

Capital gains: 10%

Holding-company regime: No tax

Group relief/fiscal unity: Free Zones areas

Small company/alternative tax regimes: 25%

Corporate taxation: compliance

Tax year: Del 1 de enero al 31 de diciembre.

Consolidated returns: N/A

Filing and payment: March 31

Penalties: After March 31

Taxation of individuals

Tasa     > Impuesto Federal sobre la Renta Partida 1 0 Partida 2 0 Partida 3 0

15%

Residence: Panama

Basis: Territorial

Taxable income: 15%

Capital gains: 10%

Deductions and allowances: Deductibles expenses

Foreign tax relief: No pay taxes

Taxation of individuals: compliance

Tax year: January 1 to December 31

Filing and payment: March 15

Penalties: After March 15

Withholding taxes

residentes %)

Tipo de pago	Destinatarios		Destinatarios no residentes
	Empresa unipersonal			Empresa Tarifa individual
	(%)	Tasa (%)	Tasa (%) Tasa (%) Tasa (
Ítem 1	0	0	0 0 Juego
2	0	0	0 0 Juego
3	0		0 0	0 Juego
4	0	0 0 0		0

Pay 50% of the established rate of 25% Corporate and 15% persons

Branch remittance tax: Pay 50% of the corporate rate from 25%……meaning 12.5% withholding

Anti-avoidance legislation

Transfer pricing: Filing Form 930 until 6 months after the closing of the fiscal period of the companies

Interest restriction: N/A

Controlled foreign companies: No

Hybrid mismatches: N/A

Disclosure requirements: Mandatory requirement of filing the tax returns, transfer pricing, VAT, withholding tax

Exit taxes: No

Value-added tax/Goods and services tax

Type of tax: VAT

Standard rate: 7%

Reduced rates: No

Registration: Filing return each month

Filing and payment: day 15 each month

Social security contributions

(%) Banda 1 0 0 Banda 2 0 0 3 0 0

	Tasa de empleados del empleador
Tasa (%)	12.25%
Banda