Panama has expanded its CRS list to 91 jurisdictions for 2025, adding Rwanda and Senegal to those required to share financial data with local tax authorities. Formalised through Executive Decree No. 21 of 27 May 2026, the updated roster strengthens Panama's compliance with international transparency frameworks and mandates enhanced due diligence by domestic financial institutions reporting to the national revenue agency.
Panama has updated its CRS reportable jurisdictions list through Executive Decree No. 21 of 27 May 2026, as published in the Official Gazette. This executive decree establishes the updated list of foreign jurisdictions subject to financial data sharing for the 2025 fiscal period.
Signed in May 2026, the decree reinforces Panama’s commitment to the Common Reporting Standard (CRS) for the automatic exchange of information to combat tax evasion. The decree identifies 91 partner nations and territories that will participate in this reciprocal transparency initiative.
By formalising this list, the Panamanian government mandates that local financial institutions perform due diligence and report relevant account details to the national tax authority. This regulatory measure ensures compliance with international transparency treaties and strengthens the country’s legal framework regarding global fiscal cooperation.
Compared with the list applicable for the 2024 fiscal year under Executive Decree No. 29 of 18 June 2025, Rwanda and Senegal have been added to Panama’s CRS reportable jurisdictions for the 2025 reporting period.
The updated list includes the following 91 jurisdictions:
Albania, Andorra, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Barbados, Belgium, Belize, Brazil, Bulgaria, Canada, Chile, China, Colombia, Cook Islands, Costa Rica, Croatia, Curaçao, Cyprus, Czech Republic, Denmark, Ecuador, Estonia, Faroe Islands, Finland, France, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guernsey, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Isle of Man, Israel, Italy, Jamaica, Japan, Jersey, Kazakhstan, Kenya, Korea (Republic of), Latvia, Liechtenstein, Lithuania, Luxembourg, Malaysia, Maldives, Malta, Mauritius, Mexico, Moldova, Monaco, Netherlands, New Zealand, Nigeria, Norway, Peru, Poland, Portugal, Russia, Rwanda, Saint Kitts and Nevis, San Marino, Saudi Arabia, Senegal, Seychelles, Singapore, Slovak Republic, Slovenia, South Africa, Spain, Sweden, Switzerland, Thailand, Turkey, Uganda, Ukraine, United Kingdom, and Uruguay.
