Taxation

Please be advised that the Panamanian Tax Authority (Dirección General de Ingresos – DGI) has recently implemented the application of the sanction identified as “318 – Tax Penalty” in the amount of USD 500.00 with respect to corporations that did not formally complete the Taxpayer Registry (Registro Único de Contribuyentes – RUC) update procedure, a filing that must be carried out before the corresponding tax authority.

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.