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The global minimum tax, led by the OECD and G20, reshapes international corporate taxation. With its Two-Pillar Solution, it addresses profit shifting, strengthens transparency, and sets a 15% minimum corporate rate worldwide.

Panama celebrates a milestone achievement: the country is officially off the EU’s grey list and the FATF grey list, thanks to strong legal reforms, public-private cooperation, and technological advances. Learn why this matters for the nation’s economy and international trust.

The Municipality of Panama has approved a groundbreaking agreement enabling the payment of municipal taxes and fees using cryptocurrencies. Find out how the process works, its main advantages, and the role of Towerbank in this innovative initiative.

Panama has introduced a Tax Lottery as an innovative incentive for tax compliance. Find out who can participate, what documents are needed, and the prizes available in this government initiative.

The General Directorate of Revenue (DGI) requires all taxpayers in Panama to update their Taxpayer Registration Number (RUC) by August 31, 2025. Find out the steps to comply, avoid penalties, and how our firm can help with the process.

Tax residency in Panama offers significant benefits such as tax exemptions on foreign income, access to double taxation agreements, and a stable legal framework for businesses and entrepreneurs. Learn how to take advantage of Panama’s tax system.

Panama has introduced new compliance regulations for legal entities under Law 52 and Law 254, effective in 2025. Learn about the updated obligations, penalties, and deadlines that impact corporations, limited liability companies, and private interest foundations.

Panama lacks a legal framework for cryptocurrencies, leaving users and investors unprotected. Learn about the risks and implications of the Supreme Court’s ruling on cryptocurrency regulation

Since 2017, the G20 and OECD have collaborated on the IMG or GloBE, aimed at addressing tax base erosion and profit shifting. Pillar One focuses on distributing multinational company profits to where their clientele is located, while Pillar Two proposes a global minimum tax of 15%. In Panama, discussions are underway on implementing the IMG, with efforts to ensure legal security for local and foreign capital companies.

Learn when to register, how to handle invoices and declarations, understand ITBMS rates, exemptions, and reduced rates, and why seeking tax advisory services is crucial.

Get answers to the most common questions about the Single and Private Registry of Final Beneficiaries (RUBF) in Panama. Learn about the system’s purpose, the responsible entity for compliance, registration requirements, costs, and the legal basis behind it.

Learn about the significant initiative implemented by Law 129 of 2020 and Executive Decree No. 13 of 2022, which established the Single and Private Registry of Final Beneficiaries of Legal Entities (RUBF) in Panama. Understand how this registry promotes transparency in the financial system, combats money laundering, and strengthens the integrity of the country’s business system. Discover the required information that resident agents must provide and the role of the Superintendency of Non-Financial Subjects in administering and safeguarding the RUBF.

Learn about the recent Decree No. 147 of May 26, 2021, which mandates all taxpayers, including individuals and legal entities, to issue invoices or equivalent documents for legitimizing their operations. Discover the exemptions for liberal, artisan, and artistic professions, as well as lawyers who can opt for the Electronic Billing model instead of using fiscal printers.

Free Zones are part of a special simplified global regime for the establishment and operation of companies that contribute to the development of the country and the creation of jobs, framed in the global goods and services economy.

Law 51 of 2008, as amended by Law 82 of 2012 (the “Law”) establishes the regulatory framework for the creation, use and storage of electronic documents and the electronic certification of signatures in Panama.

The Government of Panama enacted Law 337 of 2022 (the “Law”), for the purpose of increasing the collection of taxes and duties.

In order to comply with the Foreign Account Tax Compliance Act (FATCA) and facilitate the exchange of tax information, Panama enacted the following laws…

Single Tax Payer Registry Update (RUC)Pursuant to Resolution No. 201-4393 of June 21, 2022, the…