Taxes · PAN
Taxes in Panama
Panama operates a territorial tax system, meaning foreign-sourced income is generally not subject to Panamanian income tax. As of January 2026, there is no specific legislation or official tax authority guidance classifying or taxing cryptocurrency for individual holders. This creates significant ambiguity, and individuals should seek local legal counsel before assuming crypto gains or income are tax-free.
Income tax
Not clearly established as of January 2026. Panama taxes income on a territorial basis, meaning only Panama-sourced income is taxable. Crypto mining or staking income sourced outside Panama would likely be exempt, but no specific guidance exists.
VAT / GST
Not clearly established as of January 2026. Panama's ITBMS (VAT equivalent at 7%) treatment of crypto transactions has not been formally addressed by tax authorities for individual holders.
Capital gains
Not clearly established as of January 2026. Panama has no general capital gains tax on securities or assets for individuals, and crypto has not been formally classified, suggesting gains may be untaxed, but no official ruling confirms this.
Type case, not tax advice: figures describe a single average earner and standard rates; your situation depends on residency, deductions and local rules. Verify with the tax authority before acting. — Fiatmap