Through this blog, we want to share news, news of real estate in Panama. We would love to share your opinion on the different topics.
The combined progressive rate of property tax under the tax benefit of tax family property or principal residence is as follows:
1. 0.0% on the tax base of zero balboas up to one hundred twenty thousand dollars (US$ 120,000.00)
2. 0.5% on the tax base of the surplus of one hundred twenty thousand dollars (US $ 120,000.00) up to seven hundred thousand dollars (US$ 700,000.00)
3. 0.7% on the taxable base of seven hundred thousand dollars.
The taxable base of the real estate tax is understood as the taxable amount ...
With Law 66 of 2017, articles of the tax code regarding property tax are modified.
During the next weeks, we will provide information on the new regulations on taxation of property tax.
Among the main changes that begin to apply as of January 2019 are the following:
The amount of the exoneration of the property tax to US $ 120,000.00 is increased in the properties ...
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