Tax Modifications for Colón Free Port

Users of the Panamanian Colón Free Port (ZLC), will have to pay, as rent, 1% of the market value of their properties.

Tuesday, August 11, 2009


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The adjustment also implies that "all the services, including third party rents from ZLC users, will pay ITBMS (Transference of Goods and Services Tax)", reported a press release by the Ministry of Economy and Finance.

From newspaper Prensa.com: "The reform will include opening a Tax Office in the ZLC, and companies from this free port will need to have an 'operation announcement' in the same conditions and rates that the rest of the companies in Panama".

More on this topic

Opposition to Taxes in Free Zones

September 2011

In Costa Rica, the Association of Free Zones and Investment promoter CINDE are lobbying against the imposition of new taxes on businesses.

The proposed measure, now under a fast track approval system in the Legislature, include a tax on dividends for those companies who establish themselves in in the zone after 2015, plus requirement to pay municipal taxes.

Panama: More Space for Growth in Colón Free Zone

November 2011

The Colón free-trade area (ZLC in Spanish) will be expanded to include a further 280 hectares in the region of Coco Solo.

Panama's Council of Ministers has authorized the Finance and Economy Ministry (Mef) to sign over the deeds of 12 pieces of land to ZLC which together have a total surface area of 280.4 hectares.

Panama: Colombian Excess Tariffs Wont Hinder FTA

June 2013

The Minister of Commerce and Industry said that although Colombia is maintaining its excess tariffs on the CFZ, the FTA between the two countries is moving ahead.

"After starting negotiations for a free trade agreement (FTA) with Colombia, without having dealt with the request from businesses in the CFZ, the goal now is to raise a complaint with the World Trade Organization (WTO) in order to mitigate the effect of the Colombian excess tariffs", reported Prensa.com.

Panama: Colon Free Zone activity grows

December 2008

Commercial movement grew 50% in November.

Movement of goods in the Colon Free Zone have continue to be strong. Evidence of this is that from January to November, accumulated commercial activity in the zone was at a total of $18 billion dollars, or a growth of 18.7$ compared to the same period last year.

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