Panama’s tax system operates under a territorial principle, taxing only income generated within the country. This framework makes Panama an attractive destination for investment. However, its tax regulations are constantly evolving, making it essential to seek specialized advice to comply with legal requirements, avoid penalties, and leverage available tax benefits, particularly in special economic areas such as Panama Pacifico and the Colon Free Zone.

Our services

• Strategic tax planning
  We design tailored strategies that optimize tax obligations and align business objectives with tax regulations.

• Corporate and personal tax compliance
  We assist in the preparation and review of tax filings, ensuring accurate and timely submission.

• Tax litigation
  We represent clients in tax disputes before the General Directorate of Revenue (DGI) and other authorities, offering strong and professional advocacy.

• Municipal and customs tax advisory
  We provide guidance on complying with municipal taxes and customs duties, ensuring smooth operations for commercial activities.

• Tax optimization for international operations
  We analyze the application of double taxation treaties and other legal tools to minimize tax burdens in international transactions.

• Tax incentives and special regimes
  We help identify and apply tax incentives available under regimes such as SEM, EMMA, and special economic areas.

At Lex Innova, we focus on delivering practical and strategic solutions that strengthen the tax operations of our clients, allowing their businesses to thrive in Panama’s competitive environment.