Tax breaks offered
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.