The Social Security Rate For Companies in Panama stands at 12.25 percent. Social Security Rate For Companies in Panama averaged 12.59 percent from 2004 until 2026, reaching an all time high of 14.50 percent in 2006 and a record low of 11.00 percent in 2011. source: Ministry of Labour and Social Security

Social Security Rate For Companies in Panama is expected to reach 12.25 percent by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Panama Social Security Rate For Companies is projected to trend around 12.25 percent in 2027, according to our econometric models.



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 2024


Panama Social Security Rate For Companies
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.
Actual Previous Highest Lowest Dates Unit Frequency
12.25 12.25 14.50 11.00 2004 - 2026 percent Yearly