Crypto tax in Panama

How is cryptocurrency taxed in Panama?

Cryptocurrency is exempt from income tax in Panama. Long-term gains are also exempt.

Common questions

Are there capital gains taxes on crypto in Panama?
Long-term cryptocurrency gains are exempt. Panama applies a 10% capital gains tax to other assets.
What is Panama's general tax system?
Panama operates a territorial tax system, meaning only income sourced within Panama is taxed.

Panama is crypto-friendly.

Treatment
not taxed
Long-term
Tax-free
Headline rate
0%

For an individual relocating to Panama, crypto gains from trading and investing on foreign exchanges are generally not taxed because Panama only taxes Panama‑sourced income under its territorial system.

“El impuesto sobre la renta en la República de Panamá se aplica bajo el principio de territorialidad, es decir, solo están gravados los ingresos de fuente panameña. Los ingresos que se consideren de fuente extranjera no están sujetos al impuesto sobre la renta.” — Dirección General de Ingresos (DGI), Ministerio de Economía y Finanzas de Panamá
Full Panama tax profile → How to move to Panama →

Reflects the treatment of an individual's crypto disposals. Estimate — confirm against the linked source. See methodology.