More Taxes on Sugary Beverages

In Panama, a proposal is being discussed that seeks to increase from 5% to 8% the Selective Consumption Tax on soft drinks, carbonated beverages, processed juices and other sugary beverages.

Friday, October 26, 2018

Laestrella.com.pa reports that "... The vice president of Corporate Affairs of the National Brewery, and representative of the Industrial Union of Panama (SIP), Juan Antonio Fabrega, warned last Tuesday that jobs generated by the industry of sugary beverages could be reduced, if the Selective Excise Tax is increased from 5 to 8%, as established by Law 570, which will be discussed today in the first debate in the Economy and Finance Commission of the National Assembly."

See "Fruit and Vegetable Juices: Purchases increase 4%"

The 8% tax on the price would affect imported beverages or those produced in the country, among which are sparkling or carbonated beverages, processed and packaged fruit juices and non-natural energy drinks.

Regarding the issue, on October the 24th the National Assembly reported that in the first debate the Project of Law No.570 was approved, which establishes the selective tax on the consumption of sugary beverages, after extensive consultations with the private sector, Health, MEF, CSS and other agents, in the Commission of Economy and Finances.

You may be interested "Purchases of Non-Alcoholic Beverages up to 1st Quarter"

The initiative emphasizes that it is evident that the high prevalence of obesity in our population is due, in part, to the consumption of these beverages that are ultimately reflected in increased rates of diseases such as diabetes and cancer, the statement said.

See Project of Law 570.

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More on this topic

Sugary Beverage Tax Applicable

November 2019

A law was published in the Official Journal of Panama that establishes a 7% tax on carbonated beverages, 5% for other sugary beverages and 10% for syrups, syrups and concentrates for the production of sugary beverages.

On November 18, Law 114 was published in the Official Journal, entitled " What creates the Action Plan to Improve Health and dictates other provisions to establish the selective tax on the consumption of sugary beverages and the criteria for its use."

Proposal to Veto New Tax on Sweetened Beverages

February 2019

Panama's business sector asked President Varela to partially veto Law 570, which establishes an 8% tax on imported and domestically produced sugared beverages.

The rejection of the business sector comes days after the National Assembly approved, in third debate, the bill 570, which establishes an 8% tax for sugared beverages of national production and imported and 10% for syrups and concentrates.

New Tax on Sugary Drinks

February 2019

Despite the rejection of the business sector, a law was approved in Panama that establishes an 8% tax on imported and domestically produced sugared beverages.

The National Assembly reported that it approved, in the third debate, Law 570, which establishes a tax of 8% for domestically produced and imported sugary beverages and 10% for syrups and concentrates.

Panama: Tax on Sugary Drinks

October 2017

A legal initiative aims to establish a selective consumption tax of 8% on the price of sugary drinks, whether they be imported or domestic.

Although the bill introduced by two deputies of the Democratic Revolutionary Party (PRD) has yet to be discussed in the Legislative Assembly, the Varela administration has already announced that it does not support the initiative. 

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