Income tax on rent, worked example, in Panama
Taxation Researcher | January 10, 2017
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1 The property is jointly owned by husband and wife.
2 Exchange rate used: 1.00 US$ = 1.00 USD
3 Estimated values. Income-generating expenses are deductible when calculating taxable income.
4 Rental income earned by nonresident individuals is taxed at progressive income tax rates.