# Panama financial and tax regulation updates > Live situation record from CLSTR: https://clstr.news/situations/panama-financial-and-tax-regulation-updates > Updated: 2026-10-04T18:14:53.000Z. Sources: 6. Developments: 2. Panama is implementing new financial and fiscal regulations. In September 2026, the Superintendencia de Bancos de Panamá (SBP) approved Agreement No. 7-2026, which mandates the elimination of at least 10 types of banking commission fees effective January 4, 2027. These measures aim to increase transparency and balance relationships between institutions and clients. Prohibited fees include charges for in-person cash transactions (subject to certain volume thresholds), early loan cancellations, and specific administrative requests such as credit status certificates. Concurrently, the Dirección General de Ingresos (DGI) is increasing oversight of transfer pricing for companies conducting transactions with related parties. Starting in 2026, updated reporting requirements via Form 930 will require companies, including those in special regimes like the Colón Free Zone, to disclose broader information regarding assets, liabilities, and depreciation. Non-compliance with these heightened fiscalization measures may result in sanctions of up to one million dollars. ## Timeline ### 2026-10-04: Panama increases transfer pricing tax oversight for 2026 Panama is increasing tax oversight on transfer pricing in 2026, introducing expanded reporting via Form 930 and potential fines of up to one million dollars. 4 sources. https://clstr.news/cluster/panama-increases-transfer-pricing-tax-oversight-for-2026 ### 2026-09-10: Panama banking regulator bans various commission fees starting 2027 Starting January 2027, Panama's banking regulator will prohibit banks from charging various fees, including those for in-person cash transactions, certain loan migrations, and credit documentation. 2 sources. https://clstr.news/cluster/panama-banking-regulator-bans-various-commission-fees-starting-2027 --- Cite as: Panama financial and tax regulation updates. CLSTR, https://clstr.news/situations/panama-financial-and-tax-regulation-updates