Expat Community > Panama

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warwalk
Joined 2012
Posts: 17

20 years' tax free on properties

12 years ago

I had a buddy of mine a week back send me a copy of an e-mail he'd gotten regarding the 20 years with no property taxes in Panama. In it, if I understood it correctly, it stated that property taxes weren't actually "free" during those 20 years, but rather "deferred", unless the property was worth $30,000 or less. Can anyone expound / explain? I know there's tons of shtuff out there on the internet right now, so I was just looking for whether there was any truth in this or not.

Kovalenko & Vera Attorneys at Law in Panama

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