The ‘excellent’ tax team at Galindo, Arias & López is adept at advising both local and international clients on the full range of contentious and non-contentious tax matters. The group frequently assists with the tax implications of multi-jurisdictional M&A and corporate reorganisations, as well as the application of double taxation treaties, transfer pricing and international taxation. Tax litigation – including judicial and administrative proceedings – is also a key pillar of the practice. Edgar Herrera, who is widely recognised for his expertise in international tax matters, leads the team alongside Ramón Ricardo Arias. Senior associate Anna Cristina Valdés is another name to note.

Morgan & Morgan maintains a wide-ranging tax practice with expertise in tax consultancy, planning and litigation. The firm is continuing to build its international tax offering, assisting clients with the tax aspects of cross-border transactions, transfer pricing, foreign tax credits and global tax planning, as well as providing support in local M&A and corporate restructurings, where it acts for high-net-worth individuals and families. José Rafael Reyes, whose strong all-round practice takes in international taxation, tax planning, transfer pricing, compliance and tax disputes, oversees the team. Associate Angelica Ortiz is also highly recommended for her knowledge of special tax regimes and proceedings relating to Panamanian tax residence.

Acting for prominent companies in the construction, consumer goods and technology sectors, among others, BDO Legal advises on the full range of tax planning, the tax implications of M&A, and litigation, including both administrative and judicial proceedings. The recently launched BDO Interaméricas network of firms in Central America as well as Colombia, Ecuador and Venezuela enables the team to provide centralised services across multiple jurisdictions. Rafael Rivera Castillo, who is well versed in all aspects of advisory and contentious tax matters, and director Malvis Mina Muñoz, a key name for tax compliance and planning, lead the practice.

The tax team at LAC Legal works closely with the firm's corporate department to provide comprehensive advice on the tax elements of M&A, the tax-efficient structuring of multinational corporations and consortia, regulatory compliance, and disputes with the tax authority. Recently, the firm has been increasingly active in cross-border transactions, supporting US and Latin America-based clients from the finance, insurance, real estate, energy and construction sectors. Managing partner Javier Mitre Bethancourt, whose broad skillset takes in tax compliance and tax fraud prevention, leads the team with Raúl González, an expert in transfer pricing and tax incentives who joined from Baker Tilly in November 2024. Associate Roberto Jaen is also noted.