Panama has published Law No. 52 of 17 October 2018 in the Official Gazette, which introduces a new tax regime for call centers in order to comply with BEPS Action 5. Under the new regime, qualifying call centers are exempt from corporate income tax and subject to the following taxes:

• A dividends tax at a rate of 5%, regardless of source;
• A complimentary tax at a rate of 2% on net profits wher…