Panama Import Duties & Taxes Explained

Import tax in Panama consists of a 7% ITBMS (VAT) and customs duties ranging from 0% to 15%, both applying to shipments over $100 USD. Your shipment may qualify for 0% duty on US-made items under the US-Panama Trade Promotion Agreement, but expect the 7% ITBMS on values exceeding the $100 threshold.

The VAT (ITBMS) threshold in Panama is $100 USD. Your shipment will only be subject to the 7% ITBMS tax if its CIF value exceeds this de minimis amount.

Import duty in Panama ranges from 0% to 15% depending on your product category, with many US-made items eligible for 0% under the US-Panama Trade Promotion Agreement. Shipments over $100 USD are subject to these duties, while those under this threshold generally enter duty-free.

Yes, all shipments to Panama clear customs through the National Customs Authority (ANA). Shipments valued over $100 USD are subject to import duty (0–15%) and ITBMS (7% VAT), while those under $100 USD generally enter duty-free and tax-free but still require proper documentation including your Cedula or RUC on the shipping paperwork.

Stackry does not publish fixed shipping rates to Panama, but import charges apply when your shipment arrives. Panama charges a 7% ITBMS (VAT) and 0–15% customs duty on shipments over $100 USD CIF value, plus carrier fees of approximately $50 USD for brokerage and handling.

No, shipments with a total CIF value under $100 USD generally enter Panama duty-free and tax-free. However, you must still provide your Cedula or RUC on the shipping documentation for clearance.

The standard ITBMS (VAT) rate in Panama is 7%. This tax is calculated on the total value of your shipment including the cost of goods, shipping, insurance, and any applicable customs duties.

Yes, many goods manufactured in the USA are eligible for 0% duty under the US-Panama Trade Promotion Agreement. Ensure your invoice clearly states "Made in USA" to qualify for this benefit.

Panama uses the CIF method, which means duties and taxes are calculated based on the Cost of goods plus Insurance and Freight. This total value forms the base for all import charges.

Yes, as of March 2025, Panama requires the recipient's Cedula (for individuals) or RUC (for businesses) on all shipping documentation. This is mandatory even for shipments under the $100 threshold.