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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)
  1. 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.

See also

Panama
Latin America

Firm contact details