Panama Social Security Rate  2004-2017 | Data | Chart | Calendar

The Social Security Rate in Panama stands at 22.25 percent. Social Security Rate in Panama averaged 22.96 percent from 2004 until 2016, reaching an all time high of 23.75 percent in 2006 and a record low of 20.75 percent in 2005.

Panama Social Security Rate
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Panama Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 25.00 25.00 37.00 25.00 percent [+]
Personal Income Tax Rate 25.00 25.00 33.00 25.00 percent [+]
Sales Tax Rate 7.00 7.00 7.00 5.00 percent [+]
Social Security Rate 22.25 22.25 23.75 20.75 percent [+]
Social Security Rate For Companies 12.50 12.50 14.50 12.25 percent [+]
Social Security Rate For Employees 9.75 9.75 10.25 8.50 percent [+]


Panama Social Security Rate

In Panama, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Panama because they help to pay for many social programs including welfare, health care and many other benefits. This page provides - Panama Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Panama Social Security Rate - actual data, historical chart and calendar of releases - was last updated on September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
22.25 22.25 23.75 20.75 2004 - 2016 percent Yearly




social security rate by Country

Last
France 54.83 Dec/16
China 48.00 Dec/16
Netherlands 46.84 Dec/16
Italy 41.57 Dec/16
Brazil 39.80 Dec/16
Germany 39.76 Dec/16
Turkey 37.50 Dec/16
Spain 36.25 Dec/16
Russia 30.00 Dec/15
Japan 29.60 Dec/16
United Kingdom 25.80 Dec/16
India 24.00 Dec/16
United States 21.30 Dec/16
South Korea 16.76 Dec/15
Indonesia 15.74 Dec/16
Canada 14.41 Dec/16
Switzerland 12.46 Dec/17
Australia 11.50 Dec/16
Mexico 9.23 Dec/15