Hi all,
Your opinion on the following scenario would be much appreciated. Especially if you are an accountant in Panama.
Is a friendly nations permanent resident of Panama who does not live in, work or have any ties to, Panama still considered a TAX resident of Panama?
Note the distinction between being TAX resident and resident in the immigration sense of the word.
This is of interest to anyone with Friendly Nations Permanent Residence that is abroad (outside Panama) year round. And maybe only spends a few days in Panama every two years in order to maintain this status. People working as digital nomads and people who are travelling long term, but not working, fit this scenario.
Assume the person is not tax resident in any other jurisdiction.
Also assume the person has no income, business, assets or property in Panama.
Thanks ?