WONE Global's guide to Panama records this change under tax and reporting. Each statement below has been checked against the source it links to.
Law 526 of 28 May 2026 sets economic substance requirements for Panamanian entities of multinational groups earning foreign-source passive income; entities that fail them pay a definitive 15% tax on that net income instead of 0%.
Applies from fiscal year 2027; substance must be shown annually for each income stream.
PwC Worldwide Tax Summaries · Panama - Corporate - Significant developments ↗ Checked against a secondary source · Not yet professionally reviewed · checked 19 October 2026
This is a summary of the rule as published, not advice on how it applies to you. The WONE Global Partner for this service in Panama can advise on that.










