Panama’s tax administration (Dirección General de Ingresos, DGI) introduced a procedure that allows taxpayers to transfer tax credits from income tax, property tax, education insurance tax, complementary tax, and dividend tax to another taxpayer, published Resolution No. 201-6051 in the Official Gazette on 10 September 2024.
It outlines the required documents that need to be included with a formal request, which consists of a notarised power of attorney, an agreement for the transfer of tax credits, copies of the IDs of the transferor and beneficiary, a certificate of incorporation from the Public Registry, and the minutes from the shareholder’s meeting.
In addition, taxpayers must ensure their tax compliance obligations are up to date to transfer tax credits to third parties.
Resolution No. 201-6051 took effect on the same day it was published.
