General Taxes in Panama

Find out about Panama's tax laws and the taxes which must be paid by Panamanian residents...

Panama is a low tax jurisdiction. It has no car tax, road tax, or television license fee.

An annual registration fee must be paid to register a vehicle and get new license plates. This fee varies depending on the car's engine size of the car, but not the value.

Municipal taxes are only paid by businesses and are not imposed by all municipalities. Panama City does impose a tax on businesses, which is a percentage of gross revenue.