The Panamanian government has introduced a bill aiming to modify the tax system, specifically targeting revenue from online purchases and short-term rentals like Airbnb. This new legislation proposes applying the ITBMS (Value Added Tax) to these transactions, broadening the tax base within the growing digital economy. Simultaneously, the bill seeks to eliminate the ITBI (Property Transfer Tax) for first-time homebuyers, incentivizing homeownership. Government officials emphasize that the changes are intended as a revenue-neutral measure—increasing income from new sources while reducing burdens elsewhere. This shift aims to streamline the tax structure and level the playing field between traditional businesses and online platforms. The proposal is currently under review by the National Assembly and is expected to generate debate regarding its impact on consumers and the tourism sector. If passed, implementation details and effective dates will be announced.