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Sales Tax Rate in Panama

Sales Tax Data in Panama

Indicator Data Period
Sales Tax Rate 7 % 2021


Latest data on Sales Tax Rate (%)

Sales Tax Rate
                     Panama - Historical Data (%)

What is Sales Tax Rate in Panama?

  • Sales Tax Rate in Panama remained unchanged at 7 % in 2021. 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 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 2021 25 % 25
Personal Income Tax Rate 2021 25 % 25
Social Security Rate 2021 22 % 22

Sales Tax Rate in other countries

Country Updated Actual Previous
Colombia 2021 19 % 19
Panama 2021 7 % 7
Honduras 2021 15 % 15
Brazil 2021 17 % 17
Chile 2021 19 % 19
Paraguay 2021 10 % 10
Argentina 2021 21 % 21
Canada 2021 5 % 5
Ecuador 2021 12 % 12
Mexico 2021 16 % 16
Peru 2021 18 % 18
United States 2021 0 % 0
Uruguay 2021 22 % 22
Jamaica 2021 15 % 16.5
Suriname 2021 10 % 10
Venezuela 2021 16 % 16
Belize 2021 12.5 % 12.5
Cameroon 2021 19.5 % 19.25
Cape Verde 2021 15 % 15
Dominican Republic 2021 18 % 18
Guyana 2021 14 % 14
Nicaragua 2021 15 % 15