04/09/2026
Good news for anyone considering buying a new property in Panama — including international buyers and investors. 🇵🇦
Panama’s new Law 546 has restored an important tax benefit on the first sale of newly built residential properties, with the first $120,000 of the property’s taxable value exempt from the 2% Real Estate Transfer Tax (ITBI).
And the benefit isn’t limited to properties priced under $120,000 — it can also apply to the first $120,000 of higher-value qualifying purchases.
For buyers looking at Panama’s growing number of new developments, it’s another reason to take a closer look.
Of course, buying the property is just the beginning.
At AFC Interiors, we work with property owners from the moment they get the keys. 🗝 We help turn newly delivered apartments into finished, functional homes and investment properties.
From interior design, furnishing and installations to renovations and ongoing property management, our local team handles the many details that come after the sale.
Read more about the new law below. 👇
The measure eliminates the 2% tax on the first $120,000 of the taxable base and establishes tiered rates for new homes up to $200,000.