Tax breaks of­fered

Calgary Herald New Condos - - Recreation & Investment Properties -

Panama has nice weather, a sta­ble econ­omy, and it’s a grow­ing Cana­dian des­ti­na­tion. But it is also a great place to take ad­van­tage of sev­eral tax ex­emp­tions and in­cen­tives:

There is a 20-year ex­on­er­a­tion on real es­tate tax on land and im­prove­ments for tourist de­vel­op­ment ac­tiv­i­ties.

15-year ex­on­er­a­tion for in­come tax de­rived from tourist­based busi­ness ac­tiv­i­ties.

20-year ex­on­er­a­tion from in­come tax caused by cap­i­tal gains re­lated to the earned in­ter­est in tourism in­vest­ment.

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