What are the taxation rules in Panama for pensionado visa holders?

Must I file a tax return in Panama if I hold a pensionado visa but only spend a few months a year in Panama and earn no local income?

Answers

On January 03, 2024 Marcos Kraemer answered:

Panama territorial taxation establishes that any income sourced in Panama is taxed. By sourced it is understood to be obtained while goods or services were created and sold in the country. Income tax filing is a mandatory obligation for anyone with locally sourced income only.

On November 23, 2023 Giovanna Bernal answered:

No need to file taxes in Panama, and foreign pensions are exempt.

On November 20, 2023 Emilio Cornejo Vernaza answered:

Permanent residents must file income tax returns if and when they are generating local income, this is income sourced in Panama. Pensionado visa holders won’t have to file a tax return, especially since their pension is sourced abroad.

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