Panama

Trading & ownership

Panama passed Law 4 of 2022 (Digital Economy Law), making it one of the few countries in Latin America with explicit crypto legislation. The law allows crypto to be used as a means of payment (though not legal tender) for commercial transactions. It also regulates commercialisation of crypto assets and tokenisation of assets.

Payments & Commerce

Mining Operations

Exchange Licensing & AML/KYC

KYC: . AML:

Capital Gains Tax

Panama has a territorial tax system. Only Panama-sourced income is taxed. Crypto gains from transactions outside Panama are generally not subject to Panamanian income tax.

Income Tax (Staking/Mining)

Income derived from crypto activities outside Panama is not subject to Panamanian income tax under the territorial system.

VAT & Sales Tax