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New law establishing selective tax for sugary drinks

Panama

Dec 01, 2019

A law (114) creating an  "Action Plan to improve health"  and includes a tax on the consumption of sugary drinks and the criteria for their use.

The new norm modifies Law 45 of 1995 law to increase the tax on soft drinks from 5% to 7%.

The Official Gazette notice says  that it the tax norm will be 7% for soft drinks, 5% for other sugary drinks, of national production and 10% for imported syrups and concentrates for the production of sugary drinks.

For further information (in Spanish), click on the Link

Check the full text of the documents (in Spanish), click on the Link

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