In addition to keeping in mind the recommendations given to buyers, you should know and comply with Panamanian tax obligations according to the registered owner.

If the property is part of a horizontal property regime, the owner must know their rights and obligations that emanate from the Horizontal Property law and its regulations.

If the property generates income from leasing, even if it is a residential property, the owner must issue a monthly invoice or receipt, regardless of the lease fee charged within the monthly period, to comply with the provisions of Law 76 of 1976 (updated).

Likewise, do submit the corresponding annual sworn declaration of income established by the Tax Code. Not doing so carries penalties.