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Panama VAT (ITBMS) Calculator 2026

ITBMS 7% standard, 15% alcohol/tobacco, 0% exports.

Panama ITBMS (VAT)

The Impuesto de Transferencia de Bienes Muebles y Servicios (ITBMS) is Panama's VAT. The standard rate is 7% on most goods and services. A higher rate of 15% applies to alcohol and tobacco products. Exports are zero-rated. VAT returns are filed monthly by the 15th of the following month via the DGI (Dirección General de Ingresos) online portal.

2026 Rates: Standard 7%, Alcohol/Tobacco 15%, Exports 0%.

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Panama VAT Calculator 2026 — ITBMS 7%

Calculate Panama ITBMS (VAT): 7% standard, 15% alcohol/tobacco, 0% exports.

Panama ITBMS (VAT): 7% standard, 15% alcohol/tobacco, 0% exports.

Net AmountUSD 10,000.00
ITBMS (7%)USD 700.00
Total AmountUSD 10,700.00

ITBMS Breakdown

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