Taxes in Panama: What the Territorial Tax System Actually Means for American Expats (2026)
Panama doesn’t tax your foreign income — and that’s genuinely true. What most expat blogs quietly omit is that your IRS obligations don’t disappear when you move. Here’s an honest breakdown of Panama’s territorial system, income tax rates, property tax exemptions, Pensionado discounts, and what you still owe the U.S. government.