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A new year is a great time for new changes. Whether you’re mixing up your office routine or trying out a new hobby, January is synonymous with trying new things. The most relevant change we seen in Panama as we rolled into 2019 is the new property tax reform. As of, Jan 1, there are…
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Following on the announcement back in October, President Varela has now signed into effect the single biggest reform to Panama’s Property Tax laws in 40 years. The new law kicks in on January 1, 2019 and modifies the tax rate levied on properties throughout the country, promising serious savings for homeowners — regardless of citizenship….
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Big savings are in the works for homeowners in Panama following the passage of possibly the most important real estate tax reforms in the last four decades. While the new tax rates kick in on January 1, 2019, other aspects of the new law are already in effect, including a moratorium on penalties and interest…
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If you own property in Panama, you will be subject to property taxes. Every property is different and has different inherent variables. This results in different tax obligations and benefits. This article is in collaboration with Aldo Antinori, a property tax expert with the law firm DENFAB. Below, we discuss property tax-saving strategies for…
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Reduce 50% of the market value fixed by the appraisers and reduce the property tax rate from 2.1% to 0.5%, are some of the points agreed to yesterday by more than 50 entrepreneurs and real estate professionals gathered at the headquarters of the Panamanian Association of Business Executives (APEDA). Among the group were lawyers, academics,…
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EnglishOwning a home is a keystone of wealth… both financial affluence and emotional security.
