In an effort to promote the financial well-being of businesses in the Colón Free Trade Zone and stimulate the economy, innovative legislation has emerged aiming to benefit and assist those who contribute significantly to the country’s growth, aligning this law with other existing tax regimes in Panama. Law 412 of November 21, 2023, has set a milestone in fiscal legislation, offering significant relief for those who are a vital driving force behind the economy on a daily basis.
This legislation stems from a deep recognition of the importance of the Colón Free Trade Zone. With the goal of supporting the economy of the Free Trade Zone, Law 412 has been conceived to alleviate the financial pressures that often burden those who contribute their effort and dedication to national progress.
If you work in the Colón Free Trade Zone, here are 5 benefits that might interest you: