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panama

About the country

Capital: Panama
Currency: PAB – Balboa panameño
Population: 4.351.267 (2021)
PIB: 63,61 (2021 mil millones)
VAT: 7%

All payroll information about Panama is in your hands. This information is official and is always being updated and verify.

Severance
The indemnity shall be the equivalent of 3.4 weeks of salary for each year worked in the first ten years;
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Annual leave
The annual leave includes thirty days for every eleven continuous months of work
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Maternity leave
The benefit is equal to 100% of the insured’s average earnings in the last 9 months and is paid for up to 6 weeks before and 8 weeks after the expected date of childbirth.
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Paternity leave
The paternity leave shall be for a term of three (3) working days.
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Sick leave
The benefit is equal to 70% of the insured’s average earnings in the last 2 months. The benefit is paid after a 3-day waiting period for up to 52 weeks for any one incapacity
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