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Tax Exemptions for Forestry

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Panama: Tax Exemptions for Forestry

The bill presented by the government includes exemption from income tax and property taxes and for transfers of companies engaged in reforestation activities.

Friday, March 10, 2017

From a statement issued by from the National Assembly:

Environment Minister, Mirei Endara, presented on Wednesday, to the plenary of the National Assembly, a draft law establishing an incentive program to restore forest cover and promote conservation of natural forests.

Under this initiative, this project establishes an incentive program, which includes:

  1.  Exemption from income tax
  2.  Exemption from property tax
  3.  Exemption from tax on transfer of property
  4.  Exemption from introduction tax 
  5.  Direct grant funding 

 

http://en.centralamericadata.com/en/article/home/Panama_Tax_Exemptions_for_Forestry

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For some background information about the Environment Minister's two decrees, see the below topic:

 

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