Country Profile: Panama

Tax to GDP ratio: 11.9%

Aviation: No tax in place

There are no cargo, jet fuel, airport or passenger taxes in the Republic of Panama.

Source

Financial Transactions Tax (FTT): Yes – tax in place

Security Transfers Tax:

  • Gains from the sale of securities are subject to a 10% tax. As an advance payment toward this tax, the purchaser must withhold 5% of the total sales price and remit it to the tax authorities. If the 5% withholding exceeds the actual 10% tax on the gain, the seller may request a refund. Gains from the transfer of shares in companies located within the Panama-Pacific Special Economic Area are exempt from this tax.

Source: Centre for Economic and Policy Research

Oil & Gas Revenues: No information available

Carbon Pricing: No information available

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