Panama tax 2025

Taxes, contributions, legal statuses, crypto, real estate. 2025 data.

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Tax simulator *

Simulate your taxation in Panama based on your status, income and family situation. Calculation includes progressive brackets, social contributions and family quotient.

Status

Dependents

Age

1 CAD = 0.7347 USDEnter in EUR, conversion is automatic.

Your income

Status

Gross annual salary (EUR)

= 33 061 USD

Contributions

−3 223 USD

≈ 4 388 CAD

9.8 %

IT (brackets)

−2 826 USD

≈ 3 846 CAD

Eff. 8.6 %

Net annual

27 012 USD

≈ 36 766 CAD

Monthly net

2 251 USD

≈ 3 064 CAD

Total burden

18.3 %

Calculation details

── Salarié CDI ──

Brut : 33 061 USD

Cotisations salarié : −3 223 USD

Net imposable : 29 838 USD

→ Revenu fiscal : 29 838 USD

── Foyer fiscal ──

Revenu imposable (barème) : 29 838 USD

Barème progressif × 1 part : 2 826 USD

⚠ Taxation territoriale : seuls les revenus de source locale sont imposés

IR progressif : 2 826 USD

= Impôt total : 2 826 USD

Compare with another country

* Indicative simulation, not contractual

Income tax brackets

The progressive schedule has 3 brackets. Only the portion of income in each bracket is taxed at its rate.

Income bracket	Rate	Tax
0 → 11 000 USD	0 %	–
11 000 → 50 000 USD	15 %	2 826 USD
50 000 → ∞ USD	25 %	–
Total		2 826 USD

Household taxable income : 29 838 USD

Gross IT (schedule) : 2 826 USD

Progressive IT : 2 826 USD = 2 826 USD

Social contributions

Mandatory social contributions in Panama. Caps depend on PASS (0 USD in 2025).

Employee share

Contribution	Rate	Base
Seguro Social (salarié)CSS employee: 7.25% SS + 2.5% educational	9.75 %	UncappedOn total gross salary
Total	~9.8 %

Employer share

Contribution	Rate	Base
Seguro Social (employeur)CSS employer total	12.25 %	UncappedOn total gross salary
Risques professionnels (employeur)Professional risk insurance	1.5 %	UncappedOn total gross salary
Total	~13.8 %

Self-employed

Contribution	Rate	Base
CSS (indépendant)Voluntary CSS for self-employed	13.5 %	UncappedOn total gross salary
Total	~13.5 %

VAT / Indirect taxes

ITBMS standard

7 %

Taux standard

ITBMS alcohol/tobacco

10 %

Alcool et tabac

ITBMS luxury

15 %

Articles de luxe

Which regime to choose?

Your legal status determines contributions, taxation and social protection. Click a status for details.

Employment

Sole proprietorship

Companies (SASU, SARL, SAS...)

Crypto assets

0%: territorial taxation. Only Panamanian-source income is taxed. Crypto gains earned outside Panama are not taxed. No specific crypto regulatory framework. Law 129 (2020) on digital asset compatibility with the banking system.

Capital gains

0 %

Crypto swap

Not taxable

Reporting

Not required

Crypto score

95/100

Real estate

Real estate taxation in Panama: rental income and capital gains depend on residency.

Stocks, dividends, investments

Investment taxation in Panama.

Dividends

Variable

Gains

Variable

Interest

Variable

Real examples

Real-life examples in Panama. Contributions + tax = what stays in your pocket. *

Single employee, €35k gross

Gross income35 000 USD

Social contributions−3 413 USD

Income tax−3 088 USD (8.8 %)

Net annual28 499 USD

Total burden18.6 %

Married 2 kids, €50k + €30k employees

Gross income80 000 USD

Social contributions−7 800 USD

Income tax−11 400 USD (14.3 %)

Net annual60 800 USD

Total burden24.0 %

Micro BNC, €77k revenue

Gross income77 000 USD

Social contributions−16 247 USD

Income tax−6 055 USD (7.9 %)

Net annual54 698 USD

Total burden29.0 %

Senior exec, €90k gross

Gross income90 000 USD

Social contributions−8 775 USD

Income tax−13 656 USD (15.2 %)

Net annual67 569 USD

Total burden24.9 %

* Indicative simulation, not contractual. Rounded results.

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* Indicative data — 2025 rates. Simulation results are not contractual. Verify with a tax advisor.