Panama Social Security Rate For Employees  2004-2016 | Data | Chart

The Social Security Rate For Employees in Panama stands at 9.75 percent. Social Security Rate For Employees in Panama averaged 9.50 percent from 2004 until 2015, reaching an all time high of 10.25 percent in 2011 and a record low of 8.50 percent in 2005.

Panama Social Security Rate For Employees
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Panama Taxes Last Previous Highest Lowest Unit
Personal Income Tax Rate 25.00 25.00 33.00 25.00 percent [+]
Corporate Tax Rate 25.00 25.00 37.00 25.00 percent [+]
Sales Tax Rate 7.00 7.00 7.00 5.00 percent [+]
Social Security Rate 23.25 22.25 23.75 20.75 percent [+]
Social Security Rate For Companies 12.50 13.50 14.50 12.25 percent [+]
Social Security Rate For Employees 9.75 10.25 10.25 8.50 percent [+]



Panama Social Security Rate For Employees Notes

In Panama, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Panama because they help to pay for many social programs including welfare, health care and many other benefits. This page provides - Panama Social Security Rate For Employees - actual values, historical data, forecast, chart, statistics, economic calendar and news. Panama Social Security Rate For Employees - actual data, historical chart and calendar of releases - was last updated on December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
9.75 10.25 10.25 8.50 2004 - 2015 percent Yearly



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