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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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Panama’s Ministry of Economy and Finance (MEF) has selected Penonome as the site for a massive modernization of the municipality’s system for processing public documents and paying fees, taxes, and the like. Obtaining documents such as Paz y Salvos (statement of good standings needed to sell a property, for example), along with renewing license plates,…
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Update on Property Taxes in Panama We’ve already seen it happening in Punta Pacifica and Paitilla, with future plans to canvass the entire downtown Panama City corridor and then move into the interior. The tax man cometh! As the Martinelli administration continues to spend money on infrastructure projects, the government must continue looking for ways…
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You may already know that in Panama the exoneration of the payment of property taxes for 20 years apply to those properties whose occupation permits were issued before December of 2011. It is important to realize that this property tax exoneration in Panama has now changed. In Panama at the time of publishing this article, the amount…
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September 4, 2011 This month we take a look at the unknown details of Panama’s 20-year tax exoneration as well as a new fascinating type of medical tourism keeping Panama in the spotlight. And while September marks the middle of the rainy season for us here, but it rarely rains enough to ruin a vacation!…
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EnglishOwning a home is a keystone of wealth… both financial affluence and emotional security.
