Unlocking Panama's Tax Benefits

Tax Relief for Homeowners: The Family Patrimony Tax Program (PTF)

The PTF program is designed to make homeownership more accessible by reducing the tax burden:

🏡 Tax Exemption: The first $120,000 of your primary residence’s value is completely exempt from taxes, making home investment easier.

📊 Progressive Tax Structure: For property values exceeding the exemption:

• 0.5% on the value between $120,001 and $700,000

• 0.7% on any value over $700,000

✅ Eligibility Requirements:

• The property must be your primary residence

• It must be registered under an individual or family trust

• Proper registration and compliance with local regulations are essential to secure this benefit

How We Can Help: Our team provides guidance in property valuation, compliance verification, and managing the entire administrative process to ensure you make the most of the PTF program. 💡📝

Tax Benefits for Businesses: Panama as a Competitive Advantage

Panama offers a tax system that fosters growth and international competitiveness:

🌐 Territorial Tax System: Only income generated within Panama is taxed, meaning foreign earnings are exempt, offering a significant advantage to businesses with global operations.

💰 Corporate Tax Rate and Business Benefits: The standard corporate tax rate is 25%, but there are deductions and tax benefits for sectors such as tourism, agriculture, and technology, helping reduce your business’s tax burden.

📈 Specialized Tax Advisory: Tax regulations can be complex, so our experts offer:

💼 Tax Planning: Personalized strategies to minimize taxes
📋 Legal Compliance: Guidance to ensure adherence to tax regulations
🚀 Tax Optimization: Analysis and strategies to maximize incentives and growth opportunities

How We Can Help: We work with you to design a tailored tax strategy that takes full advantage of Panama's unique opportunities. We handle the planning and compliance so you can focus on growing your business. 🤝✨