Remote’s guide to employing in

Panama
panama flag

Make employment in Panama easy. Let us handle payroll, benefits, taxes, compliance, and even stock options for your team in Panama, all in one easy-to-use platform.

Services available in this country:
Employer of Record ProductContractor ManagementPayroll
  • Capital City

    Panama City

  • Currency

    Panamanian balboa (B/., PAB)

  • Languages

    Spanish

  • Population size

    4,176,869

Services available in this country:
Employer of Record ProductContractor ManagementPayroll
The skyline of panama city at dusk.

Taxes in Panama

Learn how employment taxes and statutory fees affect your payroll and your employees’ paychecks in Panama.

12.50%Seguro Social (Social Security Contribution)
8.33%Decimo Tercer Mes (13th Salary)
1.50%Seguro Educativo (Educational Insurance)
0.98%Riesgo Profesional (Accident insurance)
0.90%Seguro Social del Décimo Tercer Mes (Social Security on 13th Month Compensation)