The Withholding Tax Rate in Panama stands at 12.50 percent. Withholding Tax Rate in Panama averaged 12.50 percent from 2022 until 2025, reaching an all time high of 12.50 percent in 2023 and a record low of 12.50 percent in 2023.



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 2025


Panama Withholding Tax Rate
In Panama, the withholding tax rate is a tax collected from companies. It applies to businesses when they make payments to other business entities or individuals, e.g., in the form of dividends, interest, and royalties. The benchmark we use refers to the standard withholding tax rate on interest for non-residents. Revenues from the withholding tax rate are an important source of income for the government of Panama.
Actual Previous Highest Lowest Dates Unit Frequency
12.50 12.50 12.50 12.50 2022 - 2025 percent Yearly
NSA