{"id":1570,"date":"2025-06-17T15:35:56","date_gmt":"2025-06-17T15:35:56","guid":{"rendered":"https:\/\/solidaritylevies.org\/?page_id=1570"},"modified":"2025-06-20T14:03:17","modified_gmt":"2025-06-20T14:03:17","slug":"panama-dashboard-profile","status":"publish","type":"page","link":"https:\/\/solidaritylevies.org\/sw\/panama-dashboard-profile\/","title":{"rendered":"Panama Dashboard Profile"},"content":{"rendered":"<div id=\"Hero\" class=\"hero\">\n  <img decoding=\"async\" src=\"https:\/\/solidaritylevies.org\/app\/uploads\/2025\/06\/panama.jpg\" alt=\"\" class=\"hero-image\">\n      <div class=\"container\">\n    <div class=\"row\">\n      <div class=\"column\">\n        <div class=\"w-richtext\">\n                   <h1>Country Profile: Panama<\/h1>\n                            <\/div>\n              <\/div>\n    <\/div>\n  <\/div>\n<\/div>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n<div class=\"section snavy\">\n  <div class=\"container\">\n    <div class=\"row  rcenter\">\n      <div class=\"column\">\n                  <div class=\"w-richtext\"><h3>Tax to GDP ratio: <b>11.9%<\/b><\/h3>\n<\/div>\n                \n\n\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>\n\n\n<div class=\"section slightblue\">\n  <div class=\"container\">\n    <div class=\"row  rcenter\">\n      <div class=\"column\">\n                  <div class=\"w-richtext\"><h3>Aviation: No tax in place<\/h3>\n<p>There are no cargo, jet fuel, airport or passenger taxes in the Republic of Panama.<\/p>\n<p><a href=\"https:\/\/l2baviation.com\/tax-regulations\/panama\/\">Source<\/a><\/p>\n<\/div>\n                \n\n\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>\n\n\n<div class=\"section sgrey\">\n  <div class=\"container\">\n    <div class=\"row  rcenter\">\n      <div class=\"column\">\n                  <div class=\"w-richtext\"><h3>Financial Transactions Tax (FTT): Yes \u2013 tax in place<\/h3>\n<p>Security Transfers Tax:<\/p>\n<ul>\n<li>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.<\/li>\n<\/ul>\n<p>Source:\u00a0<a href=\"https:\/\/cepr.net\/publications\/financial-transactions-taxes-around-the-world\/\">Centre for Economic and Policy Research<\/a><\/p>\n<\/div>\n                \n\n\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>\n\n\n<div class=\"section snavy\">\n  <div class=\"container\">\n    <div class=\"row  rcenter\">\n      <div class=\"column\">\n                  <div class=\"w-richtext\"><h3>Oil &amp; Gas Revenues: No information available<\/h3>\n<\/div>\n                \n\n\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>\n\n\n<div class=\"section slightblue\">\n  <div class=\"container\">\n    <div class=\"row  rcenter\">\n      <div class=\"column\">\n                  <div class=\"w-richtext\"><h3>Carbon Pricing: No information available<\/h3>\n<\/div>\n                \n\n\n      <\/div>\n    <\/div>\n  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