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Panama introduces tax incentive regime for intragroup manufacturing services

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October 2020


Panama recently introduced a new special regime, effective December 1, 2020, containing tax incentives for companies that execute intragroup services related to manufacturing activities.  The law is designed to promote foreign investment, create jobs, and enhance the Panamanian tax environment’s competitiveness.

The takeaway

Multinational enterprises (‘MNEs’) should evaluate whether the EMMA regime could benefit their current or proposed global operational structure.  Special consideration should be made to certain labor conditions that are required to obtain a license.  MNEs also should consider the regime’s non-tax incentives, such as immigration benefits.

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Bernard Moens

US International Tax Inbound Leader, PwC US

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