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. This page provides - Panama Sales Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Panama Sales Tax Rate - VAT - values, historical data and charts - was last updated on October of 2020.
Sales Tax Rate in Panama is expected to reach 7.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Panama Sales Tax Rate - VAT is projected to trend around 7.00 percent in 2021, according to our econometric models.