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ITBMS

Also spelled: el ITBMS · impuesto de transferencia

Definition

Panama's value-added tax on the transfer of goods and services. The general rate is 7%, with higher rates on alcohol, tobacco and lodging.

Example

The invoice price already includes ITBMS.El precio de la factura ya incluye el ITBMS.

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Where it is used
nationwide
Currency
in use today
Origin
Sigla de Impuesto de Transferencia de Bienes Muebles y Servicios.

Who vouches for this entry

  • editor

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See also

aviso de operaciónpaz y salvo

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