Tax Law
Paralelaw is dedicated to providing practical and innovative solutions in the field of tax law, assisting both individuals and businesses in navigating Panama's intricate tax system. Panama's tax system is predicated on the principle of territoriality, which mandates that only income generated within the national territory be subject to taxation. This system provides a variety of incentives to encourage investment, promote economic growth, and advance the development of a variety of industries.
Our tax attorneys offer personalized guidance on topics including tax planning, compliance, and litigation by integrating practical experience with technical expertise. We represent our clients in tax disputes and audits, as well as before national and municipal tax authorities.
Our Services
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We assist our clients in organizing their operations to optimize tax efficiency, both domestically and internationally.
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We provide guidance to both businesses and individuals regarding the tax implications of their operations in multiple jurisdictions.
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We represent our clients in tax disputes before administrative authorities and courts.
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We implement internal audits to guarantee that our clients adhere to the most recent tax regulations.
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We offer advice on the tax incentives and exemptions that are available under regimes such as Panama-Pacifico, Ciudad del Saber, and free zones.
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We provide guidance on transfer pricing regulations, income tax, real estate tax, and selective consumption taxes.
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We represent clients before municipal and customs authorities to ensure compliance and optimize fiscal obligations.
Furthermore, we provide our clients with the assistance necessary to establish effective tax structures, such as Real Estate Investment Trusts (REITs) and other strategic tax tools. Our objective is to provide comprehensive tax advice that enables our clients to operate efficiently, minimize risks, and optimize outcomes while adhering to all relevant regulations.