Panama Annual Franchise Tax on Corporations

Law No. 61 of December 26, 2002, has been derogated.
(Whereby Measures of Reordering and Simplification are applied to the Fiscal System).

Law No. 6 of February 02, 2005, on Fiscal Equity (Published in the Official Gazette No. 25,232 of February 03, 2005).

The Annual Franchise Tax (Tasa Unica Anual) is paid by all Panamanian and Foreign Corporations (or Foundations) registered at the Public Registry Office of Panama. It is the only tax paid by Panamanian Offshore (Non-Resident) Corporations or entities.

The Annual Franchise Tax (Tasa Unica Anual) will be paid as follows:

  1. US$250.00 for the year 2005. New corporations or foundations will pay this tax in advance with the registration fees at Public Registry.
  2. US$300.00 for each consecutive year, starting in 2006.

Pursuant to this law, the payment deadlines are as follows:

  • Till July 15 of each year, when registration dates are from January to June of any year.
  • Till January 15 of each year, when registration dates are from July to December of any year.

Surcharge of US$50.00 for any late payment per year.
Additional penalty: US$300.00 for two (2) consecutive or alternate periods (years) due and unpaid.

The above surcharge and penalty apply to all "entities" (corporations, foundations, or trusts) registered at the Public Registry Office of Panama.

Regulation: The count to begin from the year 2005:
Corporations or foundations registered in the Republic of Panama, with ten (10) consecutive years of due and unpaid Annual Franchise Taxes, will be dissolved. First dissolutions expected for the year 2015.

If you want to pay the Annual Franchise Tax (Tasa Unica Anual) dues, please fill out the On-Line Information Request Form and press the "Send Request" button at the bottom of the page.

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Please type the names of the corporations to be pre-checked. Details of payment dues and service fees quotes will be e-mailed to you with no obligation. A verification fee may be charged.

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