Cómo declarar criptomonedas en Panamá
Panama only taxes Panamanian-source income. Cryptocurrency gains obtained on foreign platforms are typically not taxed, while those from local sources are added to general income. The crypto law approved by the Assembly in 2022 never came into effect.
Quick Tax Summary
- Tax type
- Income tax (territorial system)
- Tipo aplicable
- 0% – 25% on Panamanian-source income; 0% for foreign-source income
- Tax-exempt minimum
- First {11,000 USD} of income exempt in the general table
- Crypto-to-crypto
- No specific criteria published
- Staking y recompensas
- Taxed if Panamanian-sourced
- Losses
- Limited compensation
- Filing deadline
- March 15 of the following year
- Formularios
- Income tax return (e-Tax 2.0)
- Sanciones
- Fines and surcharges
Territoriality and crypto
Determining the source of crypto gains can be complex. If you live in Panama and operate from the country with local clients or structure, consult the DGI or an advisor.
Regional context
Many Latin American countries still do not have specific tax laws for cryptocurrencies and apply general income tax rules. Several also apply the principle of territoriality: they only tax local-source income. Always keep a history of purchases and sales in local currency.
Before filing: have your history in order
The first step to a proper tax declaration is to download the complete transaction history from each platform you use. MiCA-licensed exchanges often provide ready-to-use annual reports, which significantly simplifies the filing process.
See exchanges with MiCA licenseFrequently Asked Questions
Other countries in the same region · Latin America
This guide provides general information and does not constitute tax advice. Rules change frequently: always confirm details with your country's tax authority or a tax advisor.