The Sales Tax Rate in Panama stands at 7 percent. Sales Tax Rate in Panama averaged 6.62 percent from 2006 until 2026, reaching an all time high of 7.00 percent in 2010 and a record low of 5.00 percent in 2007. source: General Directorate of Revenues, Panama



Related Last Previous Unit Reference
Corporate Tax Rate 25.00 25.00 percent Dec 2026
Personal Income Tax Rate 25.00 25.00 percent Dec 2026
Sales Tax Rate 7.00 7.00 percent Dec 2026
Social Security Rate 22.00 22.00 percent Dec 2026
Social Security Rate For Companies 12.25 12.25 percent Dec 2026
Social Security Rate For Employees 9.75 9.75 percent Dec 2026
Withholding Tax Rate 12.50 12.50 percent Dec 2025


Panama Sales Tax Rate - VAT
In Panama, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Panama.
Actual Previous Highest Lowest Dates Unit Frequency
7.00 7.00 7.00 5.00 2006 - 2026 percent Yearly