Panama Social Security Rate 2004-2018 | Data | Chart | Calendar

The Social Security Rate in Panama stands at 22.25 percent. Social Security Rate in Panama averaged 22.87 percent from 2004 until 2018, reaching an all time high of 23.75 percent in 2006 and a record low of 20.75 percent in 2005.

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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 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	22.25	22.25	23.75	20.75	2004 - 2018	percent	Yearly

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social security rate by Country

Country	Last		Previous	Highest	Lowest
France	59.20	Dec/18	59.2	59.2	51.22	%	Yearly
China	48.00	Dec/18	48	48	48	%	Yearly
Russia	47.50	Dec/18	30	47.5	26	%	Yearly
Netherlands	46.34	Dec/18	46.34	53.05	46.23	%	Yearly
Argentina	44.00	Dec/18	44	44	40	%	Yearly
Germany	40.21	Dec/18	40.21	42.53	33.35	%	Yearly
Brazil	39.80	Dec/18	39.8	42.8	31	%	Yearly
Italy	39.49	Dec/18	40.49	45.9	39.49	%	Yearly
Turkey	37.50	Dec/18	37.5	38.5	31.5	%	Yearly
Singapore	37.00	Dec/18	37	37	33	%	Yearly
Spain	36.25	Dec/18	36.25	39.44	36.2	%	Yearly
Japan	29.20	Dec/18	29.2	29.6	18.39	%	Yearly
United Kingdom	25.80	Dec/18	25.8	25.8	9	%	Yearly
India	24.00	Dec/18	24	24	24	%	Yearly
Saudi Arabia	22.00	Dec/18	22	22	20	%	Yearly
South Korea	18.81	Dec/18	18.81	18.81	15.3	%	Yearly
United States	15.30	Dec/18	15.3	16.75	15.3	%	Yearly
Canada	13.81	Dec/18	13.81	14.95	7.9	%	Yearly
Switzerland	12.46	Dec/18	12.46	18.1	12.1	%	Yearly
Australia	11.50	Dec/18	11.5	11.5	10.5	%	Yearly
Indonesia	9.74	Dec/18	9.74	15.74	9.74	%	Yearly
Mexico	9.23	Dec/18	9.23	17.63	0	%	Yearly
South Africa	2.00	Dec/18	2	3	2	%	Yearly