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If you are reading this, you are probably knee-deep in your research on becoming an expat and may be considering relocating to Panama vs Portugal. Two great countries by the way! Full of both happy and disappointed expats who have moved to these respective countries from locations around the globe. Some have stayed, some have…
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A new year is a great time for new changes. Whether you’re mixing up your office routine or trying out a new hobby, January is synonymous with trying new things. The most relevant change we seen in Panama as we rolled into 2019 is the new property tax reform. As of, Jan 1, there are…
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The news is finally out. After months of back and forth on what (not) to include, Panama’s National Assembly passed Law 49, extending the amnesty on penalties and interest on back taxes of all shapes and sizes, including any outstanding property taxes, owed through December 31, 2018. So, if you own real estate in Panama…
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Following on the announcement back in October, President Varela has now signed into effect the single biggest reform to Panama’s Property Tax laws in 40 years. The new law kicks in on January 1, 2019 and modifies the tax rate levied on properties throughout the country, promising serious savings for homeowners — regardless of citizenship….
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Big savings are in the works for homeowners in Panama following the passage of possibly the most important real estate tax reforms in the last four decades. While the new tax rates kick in on January 1, 2019, other aspects of the new law are already in effect, including a moratorium on penalties and interest…
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EnglishOwning a home is a keystone of wealth… both financial affluence and emotional security.
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