Things To Know When Shipping To Panama
When shipping a package internationally from , your shipment may be subject to a custom duty and import tax. Every country is different, and to ship to , you need to be aware of the following.
Panama Import Tax & Custom Fees
Panama calculates using the CIF method, which means the import duty and taxes are calculated based on the value of the imported goods as well as shipping costs.
Click here or use our calculator to see fees.
There are usually also charges levied by the import customs broker for filing the import customs clearance documents with the local customs authorities. This customs brokerage fee will be in addition to the customs duties and import VAT / GST applied to the imported goods.
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Easyship was built to allow any business to grow by making it easy for them to ship to or any other country in the world.
See how Easyship streamlines customs clearance or sign-up today to ship with these great shipping options.
Shipping Rates Based On:
- Singapore to Panama
- Dimension of 10x10x10 cm
- Weight of 0.5 kg
FedEx International Priority®
2 - 4 working days
Shipping cost:SGD 79.01
UPS Worldwide Expedited®
2 - 4 working days
Shipping cost:SGD 224.05
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SIGN UP NOWEasyship determines the import duties and tax charges for your international orders to Panama
Custom duties and taxes can be complicated, cause hold ups at customs, incur unexpected shipping costs, ruin the customer experience and have sellers lose their clients. We make sure that you know upfront how much to pay so you can avoid unpleasant surprises and shipment delays in the future.
To calculate import duty rates for your shipment, multiply the taxable value of your shipment by the tax and duty percentage for Panama.
Remember, import duty percentages vary for each category of goods.
The taxable value is usually based on the value of the goods, but depending on the valuation method of a country, it can also include other amounts.
Import Duty and Taxes FAQ
What is import duty?
Import duty is a tax imposed by a government on goods from other countries. This added tax on imported goods is aimed to make foreign products less desirable and encourage supporting the domestic market.
How can I avoid being charged import taxes in Panama?
Not paying taxes is tax evasion, which we don't encourage. It's not worth risking your business getting fined. It's best to know any customs duty rate amount that is applicable to your shipment, and be upfront with customers on pricing. Use the import taxes calculator for an estimate or visit our countries information for an individual breakdown.
What happens if I under declare the value of my item?
The customs authority can easily check your business website and other sources to verify if the value listed matches the actual value of the item. Listing a lower value in order to avoid taxes is tax evasion and against the law.
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