The Sales Tax Rate in Panama stands at 7 percent. source: General Directorate of Revenues, Panama

Sales Tax Rate in Panama averaged 6.53 percent from 2006 until 2022, 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 November of 2022.

Sales Tax Rate in Panama is expected to reach 7.00 percent by the end of 2022, 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 2023, according to our econometric models.

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Panama Sales Tax Rate - VAT



Related Last Previous Unit Reference
Personal Income Tax Rate 25.00 25.00 percent Dec 2022
Corporate Tax Rate 25.00 25.00 percent Dec 2022
Sales Tax Rate 7.00 7.00 percent Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
7.00 7.00 7.00 5.00 2006 - 2022 percent Yearly