Global Trade Alert
Global Trade Alert

Panama: New incentives for tourist sector

Announcement

08 Nov 2012

The Executive of Panama passed new legislation establishing tax incentives for businesses operating in the tourism sector.

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Number of interventions

3

1 certainly harmful

0 likely harmful

2 liberalising

List of interventions

Implementation date

09 Nov 2012

Revocation date:

31 Dec 2025

Updated: 08 Nov 2012
Tax or social insurance relief

The General Assembly of Panama has also included other tax benefits in Law 80 that have been adopted on 8 November 2012. Concretely, the new legislation includes the following tax benefits:

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Implementation date

09 Nov 2012

Revocation date:

31 Dec 2025

Updated: 08 Nov 2012
Import tariff

Law 80 that has been adopted by the General Assembly of Panama has also established the temporary exoneration of import duties related to products used for the construction and decoration of new ho...

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Updated: 08 Nov 2012
FDI: Financial incentive

On 8 November 2012, the General Assembly of Panama has adopted Law 80 establishing tax incentives for foreigners investing in the tourism sector. Concretely, the new legislation allo...

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