Sales Tax Rate in Panama
Sales Tax Data in Panama
| Indicator | Data | Period |
|---|---|---|
| Sales Tax Rate | 7 % | 2023 |
Latest data on Sales Tax Rate (%)
What is Sales Tax Rate in Panama?
- Sales Tax Rate in Panama remained unchanged at 7 % in 2023. The maximum rate was 7 % and minimum was 5 %.
- Data published Yearly by General Directorate of Revenues.
Historical Data (%) by years
Data
Period
Date
| 7 | 2023 | 05.04.2023 |
| 7 | 2022 | 24.10.2022 |
| 7 | 2021 | 17.08.2021 |
| 7 | 2020 | 28.01.2020 |
| 7 | 2019 | 27.06.2019 |
| 7 | 2018 | 13.02.2018 |
| 7 | 2017 | 07.02.2018 |
| 7 | 2016 | 11.08.2017 |
Historical Chart by presidents (%)
Sales Tax Rate in Panama by presidents
| Name | Period | Start Data | End Data | Max Value | Min Value | CHG% Start/End |
|---|---|---|---|---|---|---|
| Juan Varela | 01.07.2014 - | 7.0000 | 7.0000 | 7.0000 | 7.0000 | 0.00% |
Other taxes in Panama
| Index | Updated | Actual | Previous |
| Corporate Tax Rate | 2023 | 25 % | 25 |
| Personal Income Tax Rate | 2023 | 25 % | 25 |
| Social Security Rate | 2023 | 22 % | 22.25 |
Sales Tax Rate in other countries
| Country | Updated | Actual | Previous |
| Colombia | 2023 | 19 % | 19 |
| Panama | 2023 | 7 % | 7 |
| Honduras | 2023 | 15 % | 15 |
| Brazil | 2023 | 17 % | 17 |
| Chile | 2023 | 19 % | 19 |
| Paraguay | 2023 | 10 % | 10 |
| Argentina | 2023 | 21 % | 21 |
| Canada | 2022 | 5 % | 5 |
| Ecuador | 2023 | 12 % | 12 |
| Mexico | 2023 | 16 % | 16 |
| Peru | 2023 | 18 % | 18 |
| United States | 2023 | 0 % | 0 |
| Uruguay | 2023 | 22 % | 22 |
| Jamaica | 2023 | 15 % | 15 |
| Suriname | 2023 | 10 % | 10 |
| Venezuela | 2023 | 16 % | 16 |
| Belize | 2022 | 12.5 % | 12.5 |
| Cameroon | 2023 | 19.25 % | 19.25 |
| Cape Verde | 2023 | 15 % | 15 |
| Dominican Republic | 2023 | 18 % | 18 |
| Guyana | 2023 | 14 % | 14 |
| Nicaragua | 2023 | 15 % | 15 |
