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Who normally pays for the property title transfer tax in Panama, the buyer or the seller?

April 26, 2017buyer panama pays Property seller tax title transfer

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Who normally pays for the property title transfer tax in Panama, the buyer or the seller?

2 Answers

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As a usual practice the seller pays the Title Transfer tax. However, this may also be paid by the buyer if this is agreed upon by him through negotiations between him and seller for specific advantages.

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It is standard practice in Panama for the seller to pay for the title transfer tax, however, in some cases, depending on the negotiation between the buyer and seller, the seller may insist that the buyer pay the title transfer taxes.