🇵🇦 Panama VAT Calculator
Calculate ITBMS for Panama: add tax to a net amount or remove it from a total. The general reference rate is 7%; special rates have their own conditions.
Quick calculator
ITBMS: 7% Standard; 10% Alcohol and accommodation; 15% Tobacco. Reference calculation for the ordinary tax system. Special rates require the conditions in the official source. Exempt supplies are different from zero-rated supplies; other levies and filing rules are outside this calculator.
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How to calculate
Calculation Examples — 7%
| Net | VAT 7% | Gross |
|---|---|---|
| PAB 100.00 | PAB 7.00 | PAB 107.00 |
| PAB 500.00 | PAB 35.00 | PAB 535.00 |
| PAB 1,000.00 | PAB 70.00 | PAB 1,070.00 |
Compare with neighbors
| Country | Std Rate | vs Panama |
|---|---|---|
| Panama ★ | 7% | — |
| 🇲🇽 Mexico | 16% | +9% |
| 🇨🇴 Colombia | 19% | +12% |
| 🇵🇪 Peru | 18% | +11% |
| 🇨🇷 Costa Rica | 13% | +6% |
Key facts
Good to know: ITBMS: 7% Standard; 10% Alcohol and accommodation; 15% Tobacco. Reference calculation for the ordinary tax system. Special rates require the conditions in the official source. Exempt supplies are different from zero-rated supplies; other levies and filing rules are outside this calculator.
Official source
Dirección General de Ingresos de Panamá — ITBMS
Reference only. Verify rates and exemptions with the official tax authority before filing or invoicing.
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Frequently Asked Questions
What is the VAT rate in Panama?
How do I add VAT in Panama?
How do I remove VAT in Panama?
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Panama: one iframe, already set to the standard 7% rate. Free and responsive — no account, no JavaScript library.
<iframe src="https://vatestimator.com/embed/?rate=7&c=PA&lang=en" width="100%" height="470" style="border:1px solid #dde1f0;border-radius:12px;max-width:420px" title="Panama VAT Calculator" loading="lazy"></iframe>