Operating a Panamanian legal entity requires adherence to a strict annual compliance calendar. Since the enactment of Law 254 of 2021  and Law 129 of 2020 , "Good Standing" is contingent on both fiscal payments and proactive administrative reporting. Below are the seven essential compliance pillars for every Panama entity. 1. Annual Franchise Tax (Tasa Única Anual) The Franchise Tax is a mandatory fee to keep an entity active in the Public Registry. Group 1 (Incorporated Jan–