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Panama had a territorial tax system in place for companies, which means that only income derived from within Panama is subject to taxation. The tax rate for corporations in Panama varied based on their income. Here are the general tax rates for corporations:
Please note that tax laws and rates can change over time, and it's essential to consult with a local tax advisor or the Panamanian tax authorities to get the most up-to-date information on tax rates and regulations. Tax laws and rates may have changed over time.
Additionally, Panama is known for its favorable tax environment, with provisions that attract many international businesses and investors. Consult with a tax professional to understand how these regulations may apply to your specific situation.
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