Panama: New property tax rules - KPMG Global
Share with your friends

Panama: New property tax rules

Panama: New property tax rules

New measures enacted in 2017 concern the property tax for residential, industrial, and commercial properties.


Related content

Among the new provisions under Ley No. 66 (17 October 2017) are new rules providing an exemption from property tax for certain family residences. 

The new law also establishes new “tax agents” regarding the property tax—these new agents include banks, financial institutions, cooperatives, and other institutions that grant financing for the acquisition of homes or real estate in general or for credits secured with real estate. These agents are required to notify the taxpayers about outstanding balances of the property tax.


Read a 2017 report (Spanish) prepared by the KPMG member firm in Panama

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


Request for proposal