🇵🇦 North America

Panama

Salary, tax, minimum wage and employer cost data.

CurrencyUSD ($)
VAT7%
Fiscal yearJan-Dec
Pay cycleMonthly
Employee rate10.0%
Employer rate13.0%

Minimum wage in Panama

Monthly gross$ 500
Monthly net (est.)$ 420
Hourly gross$ 2.98
Annual gross$ 6,000
Annual net (est.)$ 5,040

Average salary

Gross annual$ 14,400
Net monthly$ 1,000

Tax brackets

0% up to 11,000
15% 11,001-50,000
25% above 50,000

Calculate salary in Panama

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