Panama Sales Tax Rate | VAT  Forecast


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Sales Tax Rate in Panama is expected to be 7.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Panama Sales Tax Rate | VAT is projected to trend around 7.00 percent in 2020, according to our econometric models.


Panama Taxes Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Corporate Tax Rate 25 25 25 25 25 26
Personal Income Tax Rate 25 26 26 26 26 26
Sales Tax Rate 7 7 7 7 7 7
Social Security Rate 22.25 22.25 22.25 22.25 22.25 22.25
Social Security Rate For Companies 12.5 12.5 12.5 12.5 12.5 12.5
Social Security Rate For Employees 9.75 9.75 9.75 9.75 9.75 9.75