Panama’s Ministry of Economy and Finance has issued Executive Decree No. 177 of 2024 on 30 December 2024, which includes the deadline to submit accounting records and supporting documents to resident agents, set at 31 March 2025 for tax years 2021, 2022, and 2023.
The standard deadline for the 2024 tax year and beyond is 31 March of the following year, meaning the 2024 deadline is also 31 March 2025.
This Executive Decree replaces previous decrees that require legal entities without operations in Panama to submit accounting records and supporting documents to their resident agent annually.
The Decree went into effect on 2 January 2025.