The Social Security Rate For Companies in Panama stands at 12.50 percent. Social Security Rate For Companies in Panama averaged 13.32 percent from 2004 until 2018, reaching an all time high of 14.50 percent in 2006 and a record low of 12.25 percent in 2005.

Panama Social Security Rate For Companies
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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 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. This page provides - Panama Social Security Rate For Companies - actual values, historical data, forecast, chart, statistics, economic calendar and news. Panama Social Security Rate For Companies - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
12.50 12.50 14.50 12.25 2004 - 2018 percent Yearly

Country Last
France 45.00 Dec/18
China 37.00 Dec/18
Italy 30.00 Dec/18
Russia 30.00 Dec/18
Spain 29.90 Dec/18
Brazil 28.80 Dec/18
Argentina 27.00 Dec/18
Turkey 22.50 Dec/18
Germany 19.43 Dec/18
Netherlands 18.69 Dec/18
Singapore 17.00 Dec/18
Japan 14.75 Dec/18
United Kingdom 13.80 Dec/18
India 12.00 Dec/18
Saudi Arabia 12.00 Dec/18
South Korea 10.40 Dec/18
Australia 9.50 Dec/18
United States 7.65 Dec/18
Mexico 7.58 Dec/18
Canada 7.23 Dec/18
Switzerland 6.23 Dec/18
Indonesia 5.74 Dec/18
South Africa 1.00 Dec/18