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Panama

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Panama Import Duties & Taxes Explained

Shopping from US retailers and shipping to

Panama

?

Here's what you'll pay in import duties,taxes, and handling fees — plus how Stackry helps you keep costs predictable before you checkout.

Overview

For shipments over $100 USD, you'll typically pay 7% ITBMS (VAT) and customs duty ranging from 0% to 15% depending on the product category. Electronics often face 0-10% duty, while clothing can reach 15%. US-made goods may qualify for 0% duty under the US-Panama Trade Agreement. Shipments under $100 USD are generally duty and tax-free. Expect additional carrier brokerage fees around $50 for formal clearance.

Your questions answered

Q1.

How much is import tax in Panama?

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.

Q2.

What is the VAT threshold in Panama?

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.

Q3.

What is the import duty in Panama?

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.

Q4.

Do you clear customs in Panama?

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.

Q5.

How much does it cost to ship to Panama?

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.

Q6.

Do I pay taxes on my shipment if it's under $100?

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.

Q7.

What is the ITBMS rate applied to my package?

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.

Q8.

Can I get my US-made items into Panama without paying duty?

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.

Q9.

How is the taxable value of my shipment calculated?

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.

Q10.

Do I need a tax ID number for my shipment to clear customs?

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.

Helpful Resources

The links below are external references to official Panama government sources. We recommend reviewing them for the most accurate and up-to-date information on taxes and duties for Panama.

Disclaimer: The information provided on this website is intended as a general overview of customs duties, import taxes, and related processes. It is not comprehensive and may not reflect the most current regulations.We recommend checking official customs or government sources to confirm the exact rules, charges, and requirements before making any purchasing or shipping decisions.While we aim to keep information accurate and up to date, we cannot guarantee its completeness and are not responsible for any discrepancies or inaccuracies.

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