Panama Foundations only pay a flat annual corporate franchise tax of US$300.

Deadline
By Law, the corporate franchise tax payment deadlines are as follows:

• July 15 – For Foundations incorporated from January 1^st to June 30^th
• January 15 – For companies incorporated from July 31^st to December 31^st

Late Payment Penalty:

Foundations will be charged a late penalty of US$50 per year that the flat annual corporate franchise tax is not paid on or before the due dates mentioned above.

Second Late Payment Penalty:

Foundations will be charged a second late penalty of US$300 per year if the flat annual corporate franchise tax is not paid after two "deadline" periods, these penalty will be for every additional "deadline" period missed thereafter.

Note: The corporate franchise taxes and late penalties mentioned above applies to all "entities" (Panama corporations, Panama Foundations, or Panama trusts) registered at the Public Registry of Panama.

Resident Agent Fee

In IBC-Panama the annual Resident Agent fee is $500 (this includes Maintenance Fees and Expenses)

      Total Annual Maintenance Cost $800