Can I Claim Home Office as a Business Expense in Panama?
Partially. A genuine business share of home costs may be claimable, but Finn's Panama rules set no home-office allowance, so keep records and confirm the treatment with a CPA.
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What Dirección General de Ingresos (DGI), Ministry of Economy and Finance (MEF) says
Finn's Panama rules do not hold a specific home-office allowance or percentage. Costs are generally claimable only to the extent they are incurred for the business and supported by invoices. Finn's Panama rules do not hold a deductibility schedule for this item, so confirm the treatment with a Panamanian contador público autorizado (CPA) before relying on it.
When you can claim
- Business share of internet and phone costs, with a documented basis
- Equipment bought for work and invoiced to the company
- Office furniture used only for work
- Rent for a separate business premises, invoiced to the company
When you cannot claim
- Private share of household costs
- Costs with no invoice
- Items bought personally and not reimbursed through the company
- Any claim with no documented business-use basis
Good to know
Pro tip: Write down how you split business and private use, and keep it. A simple documented method is better than a precise guess.
Stop guessing what you can claim in Panama
AccountsOS automatically categorises expenses with Dirección General de Ingresos (DGI), Ministry of Economy and Finance (MEF)-aware rules and tells you exactly what is claimable.
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