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Panama: Extended deadline for tax returns, payments for 2020 (COVID-19)

Panama: Extended deadline for tax returns, payments

A decree published in the official gazette on 31 March 2021 extends the deadline for filing income tax returns and for remitting payments of tax for 2020—relief offered in response to the coronavirus (COVID-19) pandemic.


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The relief—provided by Decreto Ejecutivo No. 110—extends the return filing and income tax payment due date to 17 May 2021 (from 31 March 2021) for individual taxpayers and for legal persons.

In addition, taxpayers under the special tax regime for micro, small and medium-size enterprises (PYMES) are afforded more time—until 17 May 2021—to present an amending declaration.

Read an April 2021 report (Spanish) prepared by the KPMG member firm in Panama

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