Panama Property Tax Law
Law 66 of the 17th of October of 2017 effectively reduced Panama property tax rates, benefiting Panama property owners and investors. Panama has a “Progressive Combined Tax” (see table below). The new tax law 66 also enacted an exemption of property taxes on the initial US$120,000.00 of the registered value if the property is considered “Tributary Family Patrimony” (TFP) or “Primary Residence” (PR).