|Notice of Operations Tax|
The tax directly taxes the net assets of corporations.
The same is taxed at the time of starting operations to the Ministry of Commerce and Industry who grants a license to operate in the Republic of Panama.
The initial rate of this tax is fifty-five balboas (B / 55.00) when requesting the Notice of Operation and successively its taxable base is on the net assets of the company, allocating a rate of two percent (2 %) On this basis.
There is a minimum of one hundred balboas (B / 100.00) and a maximum of sixty thousand balboas (B / 60,000.00). It is paid annually, three (3) months after the annual fiscal closing, and the sworn statement of income is used to record the filing and payment of the tax.
In the event that the company is established within areas of free international trade that owns or operates the Free Zone of Colon or any other zone or free area established or that is believed in the future will not be subject to the Notice of Operation, but are obliged to pay.
Of one per cent (1%) per annum on the capital of the company with a minimum of one hundred balboas (B / 100.00) and a maximum of fifty thousand balboas (B / 50,000.00).