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

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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