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Los Santos approves tax exemption for inoperable vehicles of "120 to 65" beneficiaries
๐Ÿ‡ต๐Ÿ‡ฆ Panama /Economy & Trade

Los Santos approves tax exemption for inoperable vehicles of "120 to 65" beneficiaries

From TVN Panamรก · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Official statement Approved/passed
  • The Municipal Council of Los Santos approved a special tax exemption for inoperable vehicles owned by beneficiaries of the "120 to 65" program.
  • This measure aims to help vulnerable elderly individuals remove registered vehicles that are no longer roadworthy from their names.
  • The exemption covers municipal circulation taxes, surcharges, and accumulated interest until December 2026, with a possibility for extension.

The Municipal Council of Los Santos has enacted a special tax exemption for inoperable vehicles, commonly known as "junk cars," owned by beneficiaries of the "120 to 65" program. This initiative, approved via Agreement No. 71 on June 18, 2026, seeks to simplify the definitive removal of vehicles from registration records for elderly individuals who lack the financial means to complete the cancellation process.

The measure specifically targets vulnerable adults who have vehicles registered in their name but cannot afford the associated costs for deregistration. The exemption applies to municipal circulation taxes, as well as any accumulated surcharges and interest related to these vehicles, provided they meet the established criteria.

To qualify for the benefit, applicants must submit documentation to the Municipal Treasury. This includes a certification from the Ministry of Social Development (MIDES), a copy of the taxpayer's identification card, and a note from an authorized workshop certifying that the vehicle is beyond repair and unfit for circulation. The Municipal Treasury will then verify these documents before issuing the necessary certification for the owner to proceed with the deregistration process.

The exemption is exclusively for inoperable vehicles belonging to "120 to 65" program beneficiaries and is valid until December 2026. The Municipal Council may consider an extension of this period.

DistantNews Editorial

Originally published by TVN Panamรก in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.