DENEFA

Taxes

Sound tax planning by organizations and individuals becomes more relevant every day with regards to tax administrations becoming more specialized and ever changing tax laws and regulations. Panama´s territorial tax system and reasonable taxes make the country an ideal place for international commerce, with possibility of minimizing your tax liabilities with due compliance of the tax laws.

The tributary relationship between tax payer and state is born and regulated only by law, in compliance with the principle of legality guaranteed by the Constitution.

Panama`s tax system is (by general rule) exclusively territorial, meaning that Panamanian nationals or foreigners are only pay income tax on earnings generated inside of Panama.

For further information, please contact us at info@denefa.com