Tax Incentives for Inversionists in Tourism Companies

Through Law 80 of November 8, 2012, tax incentives were adopted in order to promote investment in tourism infrastructure in Panama. It was subject to amendments by Law 122 of December 31, 2019 specifically in Article 9 which promotes investment and financing for the development of new tourism projects or new stages and extensions of existing projects, in both cases located outside the District of Panama; by granting a tax credit equivalent to one hundred percent (100%) of the sums invested in the acquisition of bonds, shares and other financial instruments issued by Tourist Companies or Real Estate Investment Companies.