International treaty

Panama: tax treaties

Tax treaties and related documents between the UK and Panama.

• From: HM Revenue & Customs
• Published: 17 December 2013
• Last updated: 11 February 2026 — See all updates

Documents

Synthesised text of the Multilateral Instrument and the 2013 UK-Panama Double Taxation Convention — in force

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2013 Panama-UK Double Taxation Convention - in force

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Details

Synthesised text of the Multilateral Instrument and the 2013 UK-Panama Double Taxation Convention — in force

The 2013 Panama-UK Double Taxation Convention has been modified by the Multilateral Instrument (MLI).

The modifications made by the MLI are effective in respect of the 2013 UK-Panama Double Taxation Convention.

It is effective in the UK from:

• 1 January 2022 for taxes withheld at source
• 1 April 2022 for Corporation Tax
• 6 April 2022 for Income Tax and Capital Gains Tax

It is effective in Panama from:

• 1 January 2022 for taxes withheld at source
• 1 September 2021 for other taxes

2013 Panama-UK Double Taxation Convention — in force

The Double Taxation Convention entered into force on 12 December 2013.

The convention is effective in Panama from 1 January 2014 for:

• withholding taxes on income derived
• other income taxes

It is effective in the UK from:

• 1 January 2014 for withholding taxes on income derived
• 1 April 2014 for Corporation Tax
• 6 April 2014 for Income Tax and Capital Gains Tax

Published 17 December 2013

Last updated 11 February 2026 + show all updates

1. 11 February 2026

   ‘Synthesised text of the Multilateral Instrument (MLI) and the 2013 UK-Panama Double Taxation Convention - in force’ has been added.

2. 17 December 2013

   First published.