Panama: Tax on Sugary Drinks

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

Wednesday, October 4, 2017

="ltr">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. 

See also : "
Alcoholic Beverages Market in Central America"

In regards to the initiative, Prensa.com reports that "... it consists of five articles and establishes an excise tax on consumption of sugared drinks of 8% on the price, whether they be imported or domestic. These drinks are: carbonated or soft drinks, processed and packaged unnatural fruit juices, and energy drinks."

"... The total amount collected for this tax would be divided up as follows: 75% for the National Oncology Institute and 25% for the Ministry of Health."

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More on this topic

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.

More Taxes on Sugary Beverages

October 2018

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.

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."

Costa Rica: Light vs. Sugary Soft Drinks

May 2015

Sugary soda sales continue to exceed those of low sugar content, but in the last five years the consumption of the latter group has grown more than the first.

By volume and value sales of sugary carbonated drinks continue to dominate the Costa Rican market, both at the retail and wholesale level. In 2014, 191.3 million liters were distributed, generating $574.3 million in revenue.

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