Crypto tax in Panama in 2026

6 min read · Published 6 October 2026 · Updated 7 October 2026

Panama has no crypto law, and foreign income is not taxed. When a gain still becomes Panamanian, how to cash out and what risks the lack of rules brings.

Item	In 2026
Rate for individuals	no separate tax, general rules apply
Foreign income	not taxed
Panama-source income	income tax up to 25%
Crypto law	none: the bill was declared unconstitutional in 2023
Holding period relief	not set
Data sharing	Panama takes part in financial account data exchange

Data checked 2026-10-07

Panama has no separate crypto law. Parliament passed a crypto-asset bill in April 2022, the president partially vetoed it and referred it to the Supreme Court, which declared it unconstitutional in July 2023. Since then the general tax rules have applied.

Those rules are territorial: only Panama-source income is taxed. A gain from selling coins on a foreign exchange usually does not meet that test. But tax law has no specific crypto rules, and interpretation is left to the tax office - a risk worth keeping in mind.

Who pays crypto tax in Panama

A Panamanian tax resident is someone who spent more than 183 days in the country, continuously or not, in the tax year or the previous year. But unlike most countries, residence in Panama does not make foreign income taxable.

Residents and non-residents alike pay tax only on Panama-source income. So for coin holders, what matters is not days in the country but where and with whom trades take place.

Residence and taxes are covered on the Panama taxes page.

Moving to Panama does not automatically end tax in your previous country: as long as you are its tax resident, crypto income remains subject to its rules.

How to calculate crypto income

If income is deemed Panamanian, an individual pays progressive income tax of up to 25%, and a company 25% corporate tax. The difference between the sale price and the documented purchase price is taxed.

For a gain to stay foreign, trades should happen outside Panama: on a foreign exchange, with foreign counterparties, without activity that creates income in the country. Documents on where and with whom trades took place are your main protection.

There is no separate rule for coin-to-coin swaps. Exchange statements and wallet history are worth keeping in any case: if the tax office or a bank asks, you cannot prove the income is foreign without them.

Situation	Calculation	Tax
Bought coins for $10,000, sold for $15,000 on a foreign exchange	foreign-source income	$0
The same gain deemed Panamanian income of an individual	income tax on the scale	up to 25%
A Panamanian company made a $20,000 profit inside the country	corporate tax 25%	$5,000

The balboa is pegged one-to-one to the dollar, so amounts are given directly in US dollars.

Panama's territorial tax works only with a clean trade history

Panama does not tax foreign income, but there is no crypto law here, and interpretation is up to the tax office. Mistakes happen where income could be deemed Panamanian: sales through a local counterparty, operations of a Panamanian company with no activity abroad, money brought into a local bank without an explanation of its origin. Murblz specialists determine which trades count as foreign-source, build the structure and prepare documents for the bank and the tax office.

The cost of support depends on the number of trades and the structure; a manager will calculate it in the chat.

Get a support quote

Mining and staking

Panama has no separate tax on or ban of mining. Mining income from activity in the country is taxed as ordinary Panama-source business income, after equipment and electricity costs.

There are no staking rules either. If a reward comes from a foreign network and is not linked to activity in Panama, it is logically foreign income, but this is decided on the facts of each case.

Cashing out crypto and moving it to a bank

Panamanian banks are cautious about money from crypto exchanges: they check the source of funds, and some refuse such payments altogether. A transfer through an intermediary bank in a third country with trade documents usually goes more smoothly.

Before the first large transfer it is worth agreeing the document package with the bank: exchange statements, wallet history and an explanation of where the coins came from.

Crypto account data sharing

Panama takes part in the automatic exchange of financial account information under the standard of the Organisation for Economic Co-operation and Development. It has not yet announced a date for the new crypto-asset data exchange standard.

For residents of other countries this means that data on Panamanian bank accounts goes to their country of tax residence.

Licences for crypto companies in Panama

Panama has no separate licensing of crypto exchanges, but providers must follow anti-money laundering rules. Banks and regulators view crypto businesses warily.

For an international project serving clients worldwide a licence in another country is often more convenient, for example in Estonia or the British Virgin Islands.

A Panamanian company for a related business is registered under the ordinary rules; its foreign income is not taxed, but from 2027 holding companies without real presence in the country will pay 15%.

Murblz sets up crypto companies and licences in these services: company registration in Panama, crypto licence in Estonia, BVI company with a virtual asset service provider licence.

This topic in other countries

Crypto tax in other countries:

Taxes, relocation and business in this country:

Where crypto is not taxed at all is covered in countries with no crypto tax.

FAQ

Is crypto taxed in Panama?

There is no separate tax. Foreign income, such as gains on a foreign exchange, is usually not taxed, while Panamanian income is taxed on the scale of up to 25%.

Does Panama have a crypto law?

No. The Supreme Court declared the 2022 bill unconstitutional in July 2023, and the general rules apply.

Do I pay tax in Panama on gains from a foreign exchange?

Usually not, because it is foreign-source income. But there are no specific crypto rules, and interpretation is left to the tax office.

Can I move money from a crypto exchange to a Panamanian bank?

Yes, but banks check the source of funds, and some refuse payments from exchanges. Trade documents are best prepared in advance.

Who is a tax resident of Panama?

Someone who spent more than 183 days in the country in the tax year or the previous year. But residents, like non-residents, pay tax only on Panamanian income.

Don’t want to figure this out alone?

We handle the whole process end to end: we check your documents, match a program to your situation and give you honest timelines and costs. Ask your question in the chat: the free consultation starts right here. Legal representation before authorities and courts is handled by Murblz specialists together with locally licensed partners.

The Murblz consultant replies straight away in the chat on this page. Describe your situation and we will work it out together.

Free consultation

Or message us on Telegram →

FreeConfidentialInstant reply

Programs

Programs in Panama

Citizenship by birth Residence Digital nomad

Crypto tax in Panama in 2026

Who pays crypto tax in Panama

How to calculate crypto income

Mining and staking

Cashing out crypto and moving it to a bank

Crypto account data sharing

Licences for crypto companies in Panama

This topic in other countries

FAQ

Don’t want to figure this out alone?

Programs in Panama

Read next

Buying an apartment in Panama in 2026

Crypto license: where to get one and what it costs

Estonian citizenship in 2026: how a foreigner gets it