With Law 82 of 2019, we have the renewal of incentives to facilities and
constructions of tourist accommodation located outside the district of Panama that
are new or that are operating registered in the national tourism registry in order to
encourage investment and improvements to the facilities and constructions of
tourist accommodation whose minimum investment is $250,000 in new
constructions and $100,000 in new constructions in projects in indigenous areas
and $100,000 in remodeling and equipment that meet the minimum requirements
for the operations of these tourist structures, the following tax incentives are
- Total exemption from import tax for a term of 5 years in construction
materials and 10 years for the distribution of materials, fixtures, furniture and
equipment and others.
- Total exemption for a period of 15 years from the property tax on the land
and improvements used in tourism development activities, registered in the
national tourism registry.
- Exoneration for the term of 15 years of taxes, contributions or levies or
rights of any kind denominations that fall on the use of docks or airports built
by the companies.
- Exemption from income tax caused by the interest accrued by creditors
originating from the first financial operation destined to investment in the
tourist activity to which they will be engaged in multi-purpose projects where
the facility of public or tourist accommodation occupies a total percentage of
There is also the incentive for accreditation in the certification of tourism quality.
The tourist accommodation facilities established according to the tourist laws that
do not enjoy tax incentives at the time of the entry into force of this law that have a
maximum number of up to 50 rooms throughout the Republic of Panama and are
subject to the regulations of Tourism quality implemented by the Tourism Authority,
obtaining the corresponding certification, may enjoy the following tax incentives:
Total exemption from import tax
Total exemption for the term of 10 years from the property tax
Total exemption for the term of 5 years from the income tax of the tourist
activity operated by the company
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