As of March 15th, 2010 the new “Tax Reform Law” has been put into place in Panama and as a result the amount due for importing a car to Panama has changed. In the past retirees were able to bring cars into Panama tax free, but now they will be required to pay regular importation taxes on any vehicles brought into Panama. For retirees hoping to be able to bring over there car without any taxes, those days have ended as of March 15th.
The new car import taxes are as follows:
All passenger cars (Sedans, SUVs, etc) regardless of class must pay:
15% tax if they are valued under $8,000
18% tax if they are valued between $8,000 and


