On December 19, 2025, Panama and Singapore celebrate the fourteenth anniversary of the entry into force of the Agreement to Avoid Double Taxation and Prevent Tax Evasion on Income Taxes, which was signed on October 18, 2010.
The taxes covered under the agreement differ between the two countries. In the case of Singapore, the tax applied is the income tax. In contrast, Panama applies a larger number of taxes: the Income Tax, as established in the Fiscal Code, Book IV, Title I, along with the corresponding regulatory decrees.
The agreement strengthens economic ties between both countries by establishing a regulatory framework that provides benefits to investors.
