Crypto Tax in Panama

A structured summary of how individual crypto taxation works in Panama — the tax regime, headline rate, accepted cost-basis methods, exemptions and anti-avoidance rules.

General information generated from our jurisdiction dataset, not tax advice. Rules change — verify with a local professional.

Individual crypto tax — Panama

General Information

Default Framework

IFRS

Crypto Classification

Intangible Asset, Inventory

Tax Year

Calendar Year (M12)

Functional Currency

USD

FX Source (Reporting)

MARKET

FX Source (Tax)

DGI

Transaction Rate

Daily Spot

Hyperinflationary

✗ No

Individual Tax — Regime

Tax Regime

Exempt

Territorial system: only Panama-source income taxable. Foreign-source crypto gains exempt.

Tax Rate

0% (exempt)

0% on foreign-source gains. Panama-source: progressive up to 25%.

Individual Tax — Cost Basis

Measurement Basis

Historical Cost

Cost Method

FIFO

Method Electable

✓ Yes

Permitted Methods

FIFO, WAVG

Country Override

TERRITORIAL

Individual Tax — Exemptions

CGT Exempt

✓ Yes

Territorial system. Foreign-source gains exempt.

Holding Period

—

HP Benefit

—

Annual Exemption

—

Threshold Exemption

—

Individual Tax — Anti-Avoidance

Wash Sale

✗ Off

Same-Day Rule

✗ No

Superficial Loss

✗ No

Loss Restriction

Unrestricted

Loss Carryforward

Unlimited

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Is crypto taxed for individuals in Panama?

Panama applies a Exempt treatment to individual crypto. The table above shows the headline rate, cost-basis method and any exemptions.

Which cost-basis method does Panama use?

See the cost-basis section above for the default method and the alternatives Panama permits for individuals.

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