Panama Taxation System
- The company is not required to make any tax payments on the profit/dividends generated from outside of Panama, even if the offices are incorporated within the country.
- The company is not required to make any income tax payment also if the generated income is from external sources than in Panama even if the office is based in the country.
- Foreign companies with income generated from foreign sources are liable for only annual fixed tax of USD $300. Double taxation agreements are not there.