{"id":994935,"date":"2025-02-06T15:38:04","date_gmt":"2025-02-06T20:38:04","guid":{"rendered":"https:\/\/jquijano.com\/espa%C3%B1a\/?page_id=994935"},"modified":"2025-02-07T09:45:36","modified_gmt":"2025-02-07T14:45:36","slug":"tax-incentives-in-the-panama-pacifico-special-economic-area-free-trade-zones-and-headquarters-of-multinational-companies","status":"publish","type":"page","link":"https:\/\/jquijano.com\/espana\/en\/taxation\/tax-incentives-in-the-panama-pacifico-special-economic-area-free-trade-zones-and-headquarters-of-multinational-companies\/","title":{"rendered":"Tax incentives in Free Trade Zones"},"content":{"rendered":"\t\t
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Tax Law <\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Tax incentives in Free Trade Zones<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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Tax Incentives in Panama <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Our tax practice advises companies seeking to establish themselves within the various special tax regimes offered by Panamanian legislation, allowing them to benefit from a wide range of tax incentives, including:<\/p>

  • Income Tax Exemption<\/strong>: Companies enjoy an exemption from income tax, except for those registered as Multinational Company Headquarters, which are required to pay a rate of 5% on the services they provide<\/li><\/ul>
    • Exemption from Import Duties<\/strong>: Companies are exempt from import duties on products, merchandise, equipment, or goods<\/li><\/ul>
      • Sales Tax Exemption:<\/strong> There is a tax exemption on the Transfer of Movable Goods (ITBMS)<\/li><\/ul>
        • Exemption from Commercial License<\/strong>: Companies do not need to pay for commercial licenses<\/li><\/ul>
          • Exemption from Export and Re-export Taxes<\/strong>: There are no taxes on the export or re-export of any product, merchandise, equipment, or goods<\/li><\/ul>
            • Exemption from Complementary Tax<\/strong>: Companies benefit from an exemption from complementary taxes<\/li><\/ul>
              • Exemption from Hydrocarbon Movement Taxes<\/strong>: There are no taxes, rates, tariffs, duties, or charges on the movement of hydrocarbons<\/li><\/ul>
                • Real Estate Tax Exemption<\/strong>: Companies are exempt from real estate tax on land and improvements<\/li><\/ul>
                  • Exemption from Offshore Income Taxes<\/strong>: There are no taxes on offshore or foreign income<\/li><\/ul>
                    • Exemption from Electronic Fiscal Device Requirements<\/strong>: Companies are not required to use electronic fiscal devices<\/li><\/ul>

                      These incentives can significantly enhance the operational efficiency and profitability of companies operating in these special regimes.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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                      Consult with us<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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