Income tax on rent, worked example, in Panama
January 10, 2017
DISCLAIMER: The information contained above is marketing material only and is not written tax advice directed at the particular facts and circumstances of any person and should not be relied upon. We encourage you to discuss your particular situation with us or an independent tax advisor. This information was last updated on May 13, 2016.
1 The property is jointly owned by husband and wife.
2 Exchange rate used: 1.00 US$ = 1.00 USD
3 Estimated values. Income-generating expenses are deductible when calculating taxable income.
4 Rental income earned by nonresident individuals is taxed at progressive income tax rates.