Companies that build or operate solar plants will enjoy exemptions from import duties, tariffs, taxes and various levies.

From a decree by the National Assembly published in the Official Newspaper of Panama:

Article 1. Clause 1 of Article 20 of Law 37 of 2013 reads as follows :   

Article 20. Natural or legal persons who build, operate or maintain plants and / or solar installations will enjoy the following incentives:  

1.  Exemption from import taxes, tariffs, duties, levies and charges, as well as transfer tax on movable goods and provision of services, that may arise by reason of imports and / or purchases in the domestic market of equipment, machines, materials, spare parts and other goods necessary for the construction, operation and maintenance of the plants and / or solar installations.  

This provision also applies to the electricity stations and / or solar installations at the time of the entry into force of this Act, which are under construction, which will have a term of six months from the effective date to request recognition from the Ministry of Economy and Finance for the exemption.

Read full decree (in spanish).