On October 9th, the European Union (EU) removed Panama and Vietnam from its “blacklist” of tax havens, the so-called list of non-cooperative jurisdictions for tax purposes. The decision was made in Luxembourg by the EU’s Economic and Financial Affairs Council… Read More »EU Removes Panama from Tax Haven Blacklist
Panama’s Government has issued implementing regulations governing economic substance requirements for multinationals that receive certain categories of foreign-source passive income. This was done under Executive Decree No. 32, issued on September 2, 2026, provides further details on the economic substance… Read More »Panama Details Rules on Economic Substance for Multinationals
On 27 May Panama approved a law on economic substance rules for foreign-source passive income received by multinationals. This tax code reform requires them to show a real economic presence in Panama to maintain the favorable tax treatment of this… Read More »Panama to Tax Foreign Passive Income of Multinationals without Real Operations
Yesterday morning October 30th, La Prensa Panama published a news article that the Netherlands 🇳🇱 had just included Panama 🇵🇦 on a “Black List of countries” with low taxes. Many other news sources in Panama also published about it, following… Read More »Fakenews Alert: Panama put on Netherlands Low Tax Blacklist
