Panama to tax multinational passive income at 15 percent
Panama passed a law requiring multinationals to show local operations or pay a 15 percent tax. The move aims to satisfy EU tax transparency requirements.
Xurve View
Xurve View
Panama approved a law imposing a 15% tax on passive foreign income for multinationals failing to prove local economic substance. The National Assembly passed the measure on late evening Wednesday to meet European Union tax transparency standards. Investors face higher costs unless they move personnel and strategic decision-making to Panamanian soil by 2027.
