Panama: Tax payment due date extended to 15 January 2021 (COVID-19)

Panama: Tax payment due date extended, 15 January 2021

The tax authority approved a resolution that extends the due date for certain tax payments and the deadline to participate in a tax amnesty program. These extensions are provided as relief in response to the coronavirus (COVID-19) pandemic.

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The extended tax payment date is 15 January 2021 (for tax year 2020). Therefore, the taxes that were to have been remitted by 31 December 2020, may be paid by 15 January 2021 without incurring penalties and interest. This extension applies to payments of income tax and property tax, among others.

The availability of relief under the tax amnesty regime (under Law 99 of 2019 and Law 161 of 2020) is also extended until 15 January 2021.

Read a January 2021 report (Spanish) prepared by the KPMG member firm in Panama

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