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January 29, 2024

Panama extends deadline for permit extensions until 31 March 2024

On 13 January 2024, the Panamanian government announced that foreign nationals who hold an expired residence permit can file an extension application until 31 March 2024. Foreign nationals whose residence permits expired on or after 13 March 2020 can submit an extension request until 29 February 2024. However, these individuals will still be subject to fines for each month they remain in Panama beyond their authorized period of stay.

A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.

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Full text of Tax Alert