For those considering moving to Panama
There are often a number of factors to consider when contemplating a new domicile. Taxes may be one of them. We can provide you with an overview of the most basic personal taxation rules in Panama.
25
Marginal tax rate
183
Tax immigration rule
0
Wealth tax
Overview of personal taxation in Panama – updated per 2025
What is required to establish tax residency in Panama?
Individuals who stay in Panama for more than 183 days during a tax year are considered to have moved there and to be tax residents. The same applies to individuals who have a permanent place of residence in Panama.
Which types of income are taxable in Panama?
Both resident and non-resident taxpayers are taxed only on income sourced in Panama.
What tax rates apply in Panama?
Panama has a progressive tax system, with rates ranging from 15 to 25%.
Is there wealth tax in Panama?
Panama does not levy wealth tax.
What is the tax year in Panama?
The tax year in Panama corresponds with the calendar year.
When must the tax return be filed in Panama?
The individual tax return in Panama must be filed by 15 March of the year following the tax year, although an extension may be granted.
What is the name of the tax authority in Panama?
The name of the tax authority in Panama is Revenue General Office.
How many countries does Panama have tax treaties with?
Panama has tax treaties with approximately 20 countries. Norway is not among them.
Is there property tax in Panama?
Panama has property tax, with rates of up to 1%.
Contact
Atle Melø
Partner
amelo@melo.no
+47 951 80 979
Our tax partner in Panama
Through our unique global partnership with GALA we are able to work together with local lawyers and advisers in questions regarding domestic tax rules and other legislation in Panama.
