AI-Assisted Content: Summaries are AI-generated for general reference. Always verify with the official tax authority.
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Americas

Panama

Panama uses a territorial tax system — only Panama-source income is taxed. Personal rates are progressive, corporate is flat.

Personal income tax

0–25%
Top marginal rate / range

Corporate tax

25%
Standard rate

VAT / Sales tax

ITBMS 7%
Standard indirect tax

At a glance

  • Tax yearCalendar year
  • SystemTerritorial
  • Filing deadlineMarch 15
Official Tax Authority Dirección General de Ingresos
Visit official site →
This is a brief, AI-assisted summary intended for general reference only. Tax laws change frequently and vary by individual circumstance. Always verify current rates, rules, and obligations with Panama's official tax authority (linked above) or a qualified tax professional before making any decision.