Panama

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Tax authorities

Edificio OGAWA,
Vía España y Calle 52 Este
(Calle del Santuario Nacional)
Tel: +507 507-7000 to 7008
Email: dgireclamos@mef.gob.pa
Website: www.dgi.gob.pa

Tax rates at a glance

(As of January 1 2012)

Corporate income tax rate	30%
Capital gains tax rate (Flat)	10%
Branch tax rate	30%

Withholding tax
Dividends	10%
Interest	15%
Royalties from patents and licences	15%
Branch remittance tax	0%/10%

Net operating losses (years)
Carryback	N/A
Carryforward	5 (a)

The carry forward rate is 20% of the loss per year, as long as this deduction does not reduce taxable income by more than 50%. The excess over this limitation for any given year will be lost.