First Debate Advances ITBI Exemption for Homes Up to $120,000
PANAMA, August 25, 2026 — The National Assembly approved in first debate a proposal to exempt new homes priced up to $120,000 from the 2% property-transfer tax.
Bill 661 must still complete the remaining legislative stages before it can become law. Supporters present the measure as a way to reduce acquisition costs for qualifying homebuyers.
The source report was published on August 24, 2026. Panama Now Online will follow official updates as the story develops.
