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| Panama Strong | |
|---|---|
| Tax system | Territorial: only Panamanian-source income is taxed Secondary |
| Income tax (top) | 25% Secondary |
| Capital gains | 10% (Panamanian securities and property only) Secondary |
| Dividends | 10% on Panamanian dividends; foreign dividends untaxed Secondary |
| Interest | 0% on Panamanian bank deposits; foreign interest untaxed Secondary |
| Inheritance | None Secondary |
| Wealth tax | None Secondary |
| Foreign income | Foreign salary, dividends, interest and gains are not taxed Secondary |
| Corporate tax | 25% Secondary |
| VAT | 7% (ITBMS) Secondary |
| Becoming tax resident | Physically present and earning income in Panama for more than 183 days Secondary |
| UK treaty | Yes (2013 convention, modified by the MLI) Verified |
| Cheapest residence route | USD 200,000 |
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