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Taxes

Panama — Tax: Double Tax Treaties

Panama's WHT table lists 17 treaty partners; domestic WHT is 12.5% on interest and royalties and 5%/10%/20% on dividends.

VerifiedProfessional tax guide — not a government sourcePwC Worldwide Tax Summaries – Panama corporate: withholding taxesLast reviewed: 2026-10-26

Key facts

  • The treaty WHT table lists 17 treaty partners including France, Italy, Korea, Spain, the UK, the UAE and Singapore.
  • Domestic WHT on payments to foreign corporations is 12.5% on interest and 12.5% on royalties (applied to 50% of the remittance at 25%).
  • Domestic dividend WHT is 5%, 10% or 20% depending on conditions.
  • Example treaty rates: Spain 0/5/10% dividends, 0/5% interest, 5% royalties; UK 0/15% dividends, 0/5% interest, 5% royalties.
  • The almost 1,700 bilateral treaties referenced by the page describe the MLI population, not Panama's own network.

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