Transfer Pricing Report - Panama
Take Control of Transfer Pricing Panama for Tax Clarity & Total Tax Compliance.
Panama’s tax authorities have strengthened their enforcement of transfer pricing compliance, particularly for multinational groups operating through the Colón Free Zone, financial hubs, logistics corridors, and service entities.
Our Panama Transfer Pricing Study ensures your intercompany pricing is fully documented, defensible, and aligned with both Panamanian law and OECD Transfer Pricing Guidelines.
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Achieve Full Transfer Pricing Compliance in Panama
Panama’s Directorate General of Revenue (DGI) is intensifying its review of cross-border related-party transactions.
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Our team partners with CFOs, controllers, and tax leaders to ensure effective execution of Panama’s transfer pricing rules. With strong regional insight and advanced benchmarking methodologies, we help mitigate exposure and maintain regulatory confidence.
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Answers to Your Transfer Pricing Concerns Panama
Get clarity on the most common questions our clients ask about international transfer pricing services.
Still Have Questions?
Does Panama follow the OECD Transfer Pricing Guidelines?
Yes. Panama’s transfer pricing compliance framework is aligned with OECD Transfer Pricing Guidelines, and taxpayers must ensure all intercompany pricing and documentation meet these standards.
Which companies in Panama are required to prepare Transfer Pricing Documentation?
Any Panamanian entity engaging in cross-border related-party transactions covered under Article 762 must maintain contemporaneous transfer pricing documentation and file Form 930 annually.
What does a Panama Transfer Pricing Study include?
A compliant Panama transfer pricing study includes FAR analysis, industry review, method selection, benchmarking, and arm’s-length pricing conclusions, supported by a complete Local File and Master File.
Are entities in the Colón Free Zone subject to Transfer Pricing requirements?
Yes. Free-zone companies must comply with transfer pricing documentation rules when conducting cross-border related-party transactions, even if they operate in special regimes.
How strict is the DGI (Panama tax authority) on Transfer Pricing audits?
The DGI has significantly increased audits, adjustments, and penalties. Robust, timely transfer pricing documentation reduces exposure to disputes and financial risk.
How often should Transfer Pricing documentation be updated in Panama?
Panama requires annual updates to ensure transfer pricing compliance and that the entity’s financial results remain within the arm’s-length range each year.
If my group has a global Transfer Pricing policy, do I still need Panama-specific documentation?
Yes. Panama requires locally tailored transfer pricing documentation that reflects the functions, assets, and risks of the Panamanian entity—not just the group-level policy.
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