πŸ‡΅πŸ‡¦ Panama

Central America
0 residency programs
Territorial taxation
Canal de Panama, Panama

Countries / Panama

Known for

Fact Sheet

Continent

Central America

Demonym

Panamanian

Calling code

+507

Driving side

Right

Motto

For the benefit of the world (Pro Mundi Beneficio)
Population
4,098,587
Human development index
0.79
Life expectancy
78 years
Unemployment rate
4%
Inflation rate
1.5%
Fertility rate
2.4

Cost of Life

Cost of Living Index
54.16
Rent Index
24.76
Groceries Index
53.03
Restaurant Price Index
47.27
Local Purchasing Power Index
34.23

Taxation overview

Tax system

Territorial taxation

Countries with a territorial taxation system only levy income tax from local income. Foreign income usually won't be taxed by that country.

Tax Treaties (5)

Panama has concluded 5 tax treaties (also called double tax agreements, or DTAs) with other countries to avoid or mitigate double taxation. Such treaties may cover a range of taxes including income taxes, inheritance taxes, value added taxes, or other taxes.
Note: the list below may not be exhaustive.
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