Over 85% of our Panama clients save money on taxes in their first year.
Running a business in Panama comes with unique opportunities, and complex tax rules. Whether you are starting a new company or growing an existing one, having the right tax accountant for your business in Panama professionals on your side is essential. Our business accounting firms delivers expert guidance for local and international companies so you can stay compliant, reduce risks, and focus on growth.
Panama’s tax system is investor‑friendly but also heavily regulated. Law 52 of October 27, 2016 requires companies to maintain accounting records and documentation to prove their taxable activities. Failing to meet these standards can lead to penalties and delayed filings.
A dedicated business tax accountant in Panama can help you:
Choosing the right business tax professional is more than just hiring someone to file business tax return documents. A good partner provides full‑spectrum support, such as:
You also gain help with:
We go beyond basic accounting. We act as your trusted advisors, helping with:
With us, you don’t just hire an accountant for business taxes, you gain an entire team focused on your success.
The process is straightforward when you work with experts. By law, you are required to hire a licensed Panamanian lawyer to represent you in all immigration matters.
Hire a lawyer to guide you through the legal process.
Prepare and apostille your documents with our assistance.
Submit your application and attend biometrics in Panama.
Receive your temporary card and later your permanent residency if applicable.
We bring together auditors, tax consultants, and business advisors who work side by side with you, ensuring your company stays compliant, efficient, and ready to grow.
Our tax team simplifies complex regulations so you can focus on growing your business with confidence. See how we’ve supported others with their accounting and tax needs.
Our Large and Small business tax specialist:
We also assist if you need:
UK
USA
Canada
Better business tax and accounting support leads to better decisions. From small business tax filing online to guidance on local and international regulations, we make sure you never miss a deadline and always understand your numbers.
Small businesses face unique challenges in Panama’s tax system. Our dedicated small business tax accountants help entrepreneurs and SMEs with:
Affordable tax filing and compliance
Planning to reduce tax liabilities
Clear guidance for business owners without in-house teams
In Panama, most companies must file their annual business income tax return by March 31 following the fiscal year. Missing this deadline can result in penalties, interest, and audits. Our team helps you stay on track and can guide you on filing a business tax return extension if needed.
Yes. Panama allows online business tax filing through its tax authority platform. A trusted business tax accountant ensures your documents, accounting records, and payment confirmations meet Law 52 standards before submission, so your return is accepted without errors or delays.
While not legally required, having a professional who understands local regulations is strongly recommended. A skilled business tax accountant manages filings, advises on deductions, and ensures your business tax return preparation aligns with Panamanian law, saving you time and reducing costly mistakes.
The Corporate Tax Rate in Panama is 25%. Historically, it has ranged from 37% in 1998 down to the current 25% since 2011. This rate applies to taxable income generated in Panama, as regulated by the General Directorate of Revenues.
No. Both residents and non‑residents must file taxes in Panama, but only Panama‑sourced income is taxable. Foreign‑earned income is not subject to Panamanian taxes, which makes the country attractive for international entrepreneurs and investors.
All accounting records must be kept in Spanish. Companies must maintain a general journal, general ledger, minute book, and stock register. For commercial activities, a general diary and general ledger are required to remain compliant with Panamanian law.
Let our best business accountants guide you from your first filing to ongoing compliance, fast, secure, and stress-free.
