The Tax Information Exchange Agreement between Panama and the United States

The agreement will allow United States of America to request confidential information about Panamanian owned corporations tax cases or crimes relating to taxes. The Tax Information Exchange Agreement The Republic of Panama, in an effort to ensure that the Organization for Economic Cooperation and Development (OECD) will withdraw her from its “tax haven” blacklist for […]

Read more

Who should pay AMIR?

Should every Panamanian legal person submit an affidavit to the payment of the income tax monthly advance (AMIR, by its Spanish acronym), including those entities that generate foreign or exempt income? In Panama, there have been opinions on this figure of the AMIR and the consensus is that all legal persons must submit this affidavit, […]

Read more

The vote on the election of the Board of Directors

Details to consider when choosing new directors in an Horizontal Property Regime. When we want to change to the directors of an horizontal property regime (typically a condominium), there are details that we need to consider to avoid getting it wrong, and one of those details is the number of votes necessary to elect new […]

Read more

Tax Reform in Panama: Law 28 of 8th May, 2012

Hereby, please find the most important amendments adopted by this Law. The Law 28 of 8th May, 2012, of Panama, published in Official Gazette No. 27029 – C of the same date, introduces amendments to the Tax Code and other regulations regarding the annual tax fee for corporations and other Panamanian and foreign companies; the […]

Read more

Property Owners’ Assembly

Relevant aspects in the meetings of the Property Owners’ Assembly: Law 31 of June 18, 2010 As established on the Law 31 of June 18, 2010, the Property Owners’ Assembly is the maximum authority within the Horizontal Property Regime, and it’s composed of all its owners. In ordinary or extraordinary meetings, the Assembly can take […]

Read more

Condos in Panama

Key concepts for developers and owners enjoy the benefits of their condos in Panama. In Panama, condos are rules by what is named the “Horizontal Property” regime, or “PH” by its Spanish acronym. By definition, the horizontal property regime is one that regulates the coexistence of private properties that share some common properties between them, […]

Read more

The Sales Agreement

Requirements that are important to keep in mind in order to be sure that we legally own our home. The sales agreement is the one for which the ownership of the new property is acquired, and as such it has a list of requirements that are important to have in mind in order to make […]

Read more

Common properties and Horizontal Property

There is confusion about what are the common properties and if the so called social areas of a condo can be private property. Here we clarify the confusion. Because there have been some reviewing of legal cases in the media where for the apparent characteristics involved we can assume that the property involved are common […]

Read more

MENU