09/06/2026
"What happens to my taxes?"
Panama has a territorial tax system, which means Panama generally only taxes income earned inside Panama. Foreign-source income, such as pensions, retirement income, Social Security benefits, investment income, and other earnings generated outside Panama, is generally not taxed by Panama.
Whether you're coming from Canada, the United States, the UK, or elsewhere, understanding Panama's tax system is an important part of planning your move.
Thinking about retiring in Panama or becoming an expat in Panama? This is one of the reasons Panama remains one of the most popular retirement destinations in the world. Get tax support and more inside our Total Access Pass! www.panamatotalaccesspass.com