Home   Knowledge  Other Jurisdictions  Trusts and Foundations  ​Panama Private Foundation Part 6 – Panama Private Interest Foundations Tax Information 

KNOWLEDGE

SHARE

​Panama Private Foundation Part 6 – Panama Private Interest Foundations Tax Information

【Font:L M S

Panama Private Foundation Part 6 – 
Panama Private Interest Foundations Tax Information

1.       Tax Free Foundations

Panama is a 100% "tax haven". Panama Foundations offer the following tax advantages:

(1)   No tax reporting requirements;
(2)   No income tax;
(3)   No capital gains tax;
(4)   No interest income tax;
(5)   No sales tax;
(6)   No tax to beneficiaries;
(7)   No beneficiary transfer tax;
(8)   No capital tax;
(9)   No property tax (for non-Panamanian property);
(10) No estate tax;
(11) No gift tax;
(12) No inheritance tax;
(13) No stamp tax;
(14) No inventory tax.

2.        Flat Annual Corporate Franchise Tax

The only tax paid by Panama Corporations (or Foundations) is the flat annual corporate franchise tax of USD300.

According to the Law, the corporate franchise tax payment deadlines are as follows;

From 1 of January to 30 of June: July 15
From 1 of July to 31 of December: January 15

3.       Late Payment Penalty

(1)      Late Payment Penalty

If the flat annual corporate franchise tax (“taza unica”) is not paid on or before the due dates mentioned above, the entity will be charged a late penalty of USD50.00.

(2)      Second Late Payment Penalty

If the flat annual corporate franchise tax (“taza unica”) is not paid after 2 “deadline” period, the entity will be charged a second late penalty of US$300 for every additional “deadline” period missed thereafter, a USD300 late fee will be incurred.

The above applies to all “entities” (corporations, foundations, or trusts) registered at the public registry of Panama.

See also:
Panama Company Incorporation Procedures and Fees

Disclaimer

All information in this article is only for the purpose of information sharing, instead of professional suggestion. Kaizen will not assume any responsibility for loss or damage.

If you wish to obtain more information or assistance, please visit the official website of Kaizen CPA Limited at www.kaizencpa.com or contact us through the following and talk to our professionals:

Email: info@kaizencpa.com
Tel: +852 2341 1444
Mobile : +852 5616 4140, +86 152 1943 4614
WhatsApp/ Line/ WeChat: +852 5616 4140
Skype: kaizencpa

Language

繁體中文

简体中文

日本語

close