Panama Institutes the Tax Lottery: New Incentive for Tax Compliance

By means of Executive Decree No. 26 of 2 June 2025, Panama instituted the Tax Lottery.

All natural persons can participate in the Tax Lottery by depositing in the mailboxes designated by the Ministry of Economics and Finance through the Gaming Control Board, one or more sealed envelopes containing:

• At least 5 invoices or documents equivalent to these, delivered to their customers by persons obligated to issue tax invoices.  The invoices must be in the name of the person participating in the Tax Lottery.
• Invoices or documents equivalent to these must be issued by authorized tax equipment; or in the case of electronic invoices, they must be duly printed.
• Only invoices issued up to two months prior to the date of the Tax Lottery will be accepted.

Each Tax Lottery will award a total of 25 prizes in cash, distributing a total of US$110,000.00, in the following order:

• Five prizes of US$10,000.00.
• Ten prizes of US$5,000.00.
• Ten prizes of US$1,000.00.

Each envelope must contain on the outside, in a clear and legible manner, the following information:

• Full name of the sender.
• ID card number (for Panamanians), permanent resident card issued by the Electoral Tribunal or valid passport (for foreigners).
• Tax address.
• E-mail address.
• Telephone number.

At least four tax lotteries will be held during the year on the dates indicated by the Ministry of Economics and Finance.