Panama

On 7 September 2026, Panama’s Ministry of Economy and Finance (MEF) hosted the Regional Seminar on Public Finance Statistics, organized by the Regional Technical Assistance Center for Central America, Panama, and the Dominican Republic (CAPTAC-DR). Vice Minister of Economy Eida Gabriela Sáiz emphasized that strengthening public finance statistics is essential for understanding the State’s financial […]

Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice. Source: Read Official Announcement

The Panama Ministry of Economy and Finance (MEF) announced the conclusion of the second edition of the Regional Tax Lottery (Lotería Fiscal Regional) on 27 August 2026. The program, operated by the General Directorate of Revenues (DGI), aims to incentivize consumers to request fiscal invoices, thereby strengthening VAT (ITBMS) compliance and formalizing economic transactions across

The National Assembly approved in third debate Bill 661 on 27 August 2026, which amends Article 4 of Law 106 of 1974 governing the Real Estate Transfer Tax (ITBI). Presented by Minister of Economy and Finance Felipe Chapman, the legislation establishes a full exemption from ITBI payment for the first sale of new homes to

The Ministry of Economy and Finance (MEF), through the General Directorate of Revenues (DGI), conducted the second 2026 draw of the Regional Tax Lottery in Colón on 21 August 2026. The event covered Regions 2 (Colón, Panamá Oeste, and Darién) and forms part of the ongoing fiscal culture campaign that rewards consumers who request electronic

The Ministry of Economy and Finance (MEF) published official guidance on 21 August 2026 clarifying the application of the Transfer Tax on Movable Goods and Services (ITBMS) to digital services supplied from abroad to consumers in Panama. The measure aligns with global OECD/G20 BEPS Action 1 principles and ensures non-resident digital platforms remit VAT on

The Council of Ministers approved Bill 30-26 on 19 August 2026, sending it to the National Assembly for debate. The bill amends the Fiscal Code to modernize the taxation of digital economy operations, ensuring parity between domestic and foreign digital service providers regarding ITBMS (VAT) and income tax obligations. Key Takeaways Leveling the Playing Field:

The General Directorate of Revenues (DGI) executed the second 2026 Regional Tax Lottery draw for Region 1 (Panama City) on 19 August 2026, ahead of the Colón draw scheduled for 20 August. The initiative continues the government’s fiscal culture program that rewards consumers requesting authorized electronic fiscal invoices (FE) for purchases subject to ITBMS. Key

As of 1 July 2026, Panama’s Directorate General of Revenue (DGI) has published an interim assessment showing that the Fiscal Lottery program, introduced earlier this year, is already delivering a noticeable uplift in tax revenues while acting as a pioneering example of voluntary compliance in the Central American region. The measure stems from Executive Decree

Minister of Economy and Finance Felipe Chapman presented a bill to the National Assembly plenary on 13 August 2026 proposing amendments to Article 4 of Law 106 of 1974, which governs the Real Estate Transfer Tax (ITBI). The proposal establishes a new progressive rate structure for the first sale of new homes, replacing the flat