Panama Sales Tax Rate - VAT | 2019 | Data | Chart | Calendar

The Sales Tax Rate in Panama stands at 7 percent. Sales Tax Rate in Panama averaged 6.38 percent from 2006 until 2018, reaching an all time high of 7 percent in 2010 and a record low of 5 percent in 2007.

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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 Sales Tax Rate - VAT

In Panama, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Panama. This page provides - Panama Sales Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Panama Sales Tax Rate - VAT - actual data, historical chart and calendar of releases - was last updated on September of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	7.00	7.00	7.00	5.00	2006 - 2019	percent	Yearly

Export Data API

Country	Last		Previous	Range
Italy	22.00	Dec/19	22	22 : 20	%
Argentina	21.00	Dec/19	21	21 : 21	%
Netherlands	21.00	Dec/19	21	21 : 17.5	%
Spain	21.00	Dec/19	21	21 : 16	%
Euro Area	20.80	Dec/18	20.8	20.8 : 13.5	%
France	20.00	Dec/19	20	20 : 19.6	%
Russia	20.00	Dec/19	18	20 : 18	%
United Kingdom	20.00	Dec/19	20	20 : 8	%
Germany	19.00	Dec/19	19	19 : 16	%
India	18.00	Dec/19	18	18 : 12.36	%
Turkey	18.00	Dec/19	18	18 : 18	%
Brazil	17.00	Dec/19	17	17 : 17	%
Mexico	16.00	Dec/19	16	16 : 15	%
South Africa	15.00	Dec/19	15	15 : 14	%
China	13.00	Dec/19	16	17 : 13	%
Australia	10.00	Dec/19	10	10 : 10	%
Indonesia	10.00	Dec/19	10	10 : 10	%
South Korea	10.00	Dec/19	10	10 : 10	%
Japan	8.00	Jan/19	8	8 : 5	%
Switzerland	7.70	Dec/19	7.7	8 : 7.6	%
Singapore	7.00	Dec/19	7	7 : 5	%
Canada	5.00	Dec/19	5	7 : 5	%
Saudi Arabia	5.00	Jan/19	5	5 : 5	%
United States	0.00	Dec/19	0	0 : 0	%