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Just a few years ago, villa, penthouse, apartment or condominiums in Panama have cost a lot of money. Today, however, the real estate in Panama dropped in price and local realtors have much more affordable deals. For the price of $100,000 today you can buy real estate in Panama of 80 square meters. Cost of penthouses and villas in Panama were also dropped, so today everyone has the opportunity to take advantage of enticing offers and buy property in the country that represents a pure democracy.

Change tax benefits in Free Zones of Panama
2016-09-14
By means of article 67 of Law 8 of 2016,  all companies established under the tax incentive regime of any Free trade zone and/or PanamaPacifico including call centers will be subject of VAT (7%) from all vendors and service providers.

This taxation will be subject of application as of April 6th, 2016.



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