Panama Social Security Rate For Employees  2004-2018 | Data | Chart

The Social Security Rate For Employees in Panama stands at 9.75 percent. Social Security Rate For Employees in Panama averaged 9.55 percent from 2004 until 2018, reaching an all time high of 10.25 percent in 2011 and a record low of 8.50 percent in 2005.

Panama Social Security Rate For Employees
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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 Employees

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 Employees - actual values, historical data, forecast, chart, statistics, economic calendar and news. Panama Social Security Rate For Employees - actual data, historical chart and calendar of releases - was last updated on September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
9.75 9.75 10.25 8.50 2004 - 2018 percent Yearly

social security rate for employees by Country
Country Last
Netherlands 27.65 Dec/18
Germany 20.78 Dec/18
Singapore 20.00 Dec/18
Argentina 17.00 Dec/18
Turkey 15.00 Dec/18
Japan 14.45 Dec/18
France 14.20 Dec/18
India 12.00 Dec/18
United Kingdom 12.00 Dec/18
Brazil 11.00 Dec/18
China 11.00 Dec/18
Saudi Arabia 10.00 Dec/18
Italy 9.49 Dec/18
South Korea 8.41 Dec/18
United States 7.65 Dec/18
Canada 6.58 Dec/18
Spain 6.35 Dec/18
Switzerland 6.23 Dec/18
Indonesia 4.00 Dec/18
Australia 2.00 Dec/18
Mexico 1.65 Dec/18
South Africa 1.00 Dec/18
Russia 0.00 Dec/18