Panama introduced a tax amnesty through Law 446, published in the Official Gazette on 28 October 2024, offering tax relief on surcharges and late interest payments for various tax liabilities, such as income tax, real estate tax, VAT, selective excise tax, etc.
This tax amnesty scheme is available to legal and natural persons until 31 December 2024.
Earlier, on 20 August 2024, the Municipality of Panama launched a tax amnesty programme offering exemptions from interest, penalties, and fines for individuals and businesses.