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Panama: Special tax incentives for companies investing in the tourism sector

Description

On 4 February 2019, the General Assembly of Panama has adopted Draft Law 696 establishing tax incentives for foreigners investing in the tourism sector. Concretely, the new legislation allows investor...

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Intervention Details

Intervention Type

FDI: Financial incentive

MAST Chapter

FDI measures

Implementation date

01 Jan 2019

Revocation date

31 Dec 2025

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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