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Real Estate Tax Consulting – Lawyers in Panama

We are focused on facilitating the execution of real estate transactions. Bufete Illueca assists its clients – buyers and/or sellers – in identifying and dealing with fiscal burdens arising in the transactional context. Our team also focuses on evaluating how the tax burden inherent to any investment affects its profitability.

Expertos en esta área:

 

 


Estadísticas e indicadores relevantes

Paying Taxes

DB 2015 Rank 166 DB 2014 Rank*** 165 Change in Rank -1
DB 2015 DTF** (% points) 55.83 DB 2014 DTF** (% points) 48.60 Change in DTF** (% points) 48.70
Indicator Panama Latin America & Caribbean OECD
Payments (number per year) 52.0 29.9 11.8
Time (hours per year) 417.0 365.8 175.4
Profit tax (%) 12.4 20.7 16.4
Labor tax and contributions (%) 20.0 14.7 23.0
Other taxes (%) 4.8 12.9 1.9
Total tax rate (% profit) 37.2 48.3 41.3
Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% profit) Notes on TTR
Employer paid – Social security contributions 12 paid jointly 144 12.25% gross salaries 13.82
Corporate income tax 4 83 25% taxable profit 12.39
Employer paid – Professional risk insurance 0 2.1% gross salaries 2.37
Employer paid – Workers’ severance payments 4 1.92% gross salaries 2.17
Employer paid – Education contribution 0 1.5% gross salaries 1.69
Commercial license tax 0 paid jointly 2% net worth 1.59
Real estate tax 3 0% to 2.1% real estate value 1.24
Transfer tax 1 various rates sales price 1.21
Municipal Business Tax 12 375 per month fixed fee 0.67
Capital gains tax 1 various rates capital gains 0.51 included in other taxes
Advertising tax 0 paid jointly USD15 per ad per month 0.03
Vehicle tax 1 fixed fee 0.02
Stamp tax on check transactions 1 10 cents per check number of checks 0.00
Value added tax (VAT) 12 190 7% value added 0.00 not included
Fuel tax 1 0.25 per gallon 0.00
Employee paid – Social security contributions 0 paid jointly 9.75% gross salaries 0.00 withheld
Employee paid – Education contribution 0 paid jointly 1.25% gross salaries 0.00 withheld
Totals: 52.0 417.0 37.2

Trading Across Borders

DB 2015 Rank 91.25 DB 2014 Rank*** 8 Change in Rank -1
DB 2015 DTF** (% points) 91.25 DB 2014 DTF** (% points) 92.09 Change in DTF** (% points) -0.84
Indicator Panama Latin America & Caribbean OECD
Documents to export (number) 3 6 4
Time to export (days) 10.0 16.8 10.5
Cost to export (US$ per container) 665.0 1,299.1 1,080.3
Cost to export (deflated US$ per container) 665.0 1,299.1 1,080.3
Documents to import (number) 3 7 4
Time to import (days) 9.0 18.7 9.6
Cost to import (US$ per container) 1,030.0 1,691.1 1,100.4
Cost to import (deflated US$ per container) 1,030.0 1,691.1 1,100.4
Nature of Export Procedures Duration (days) US$ Cost
Documents preparation 5 160
Customs clearance and inspections 1 50
Ports and terminal handling 1 65
Inland transportation and handling 3 390
Totals 10 665
Nature of Import Procedures Duration (days) US$ Cost
Documents preparation 6 150
Customs clearance and inspections 1 225
Ports and terminal handling 1 265
Inland transportation and handling 1 390
Totals 9 1,030
Export documents
Bill of Lading
Commercial Invoice
Customs Export Declaration
Import documents
Bill of lading
Commercial Invoice
Customs Import Declaration