Guidelines to follow while importing used car in Panama :-
Shipping Ports :-
Major shipping ports in Panama are Balboa, Cristobal and Panama City.
Left-hand drive vehicles :-
Importation of left-hand drive vehicles is permitted in the country.
Documents required :-
- Bill Of Lading (BoL)
- Transit Letter
- Property Letter
- Certificate of Title and Registration
- Commercial /Purchase Invoice
- Certificate of Environmental Control and Pollution Certificate
Taxation in Panama :-
There are no import restrictions on new or used cars and trucks into Panama. While importing a vehicle in Panama, duty tax is around 30%, which depends upon the value of the car. According to Panamanian customs laws, automobiles coming to Panama are subject to import tax except for those belonging to qualified diplomats, members of international organizations, persons with Retiree status, or U.S. contractor. Duty free importation of only one vehicle is allowed to diplomats, members of international organizations, persons with Retiree status, or U.S. contractor. For other auto, import duties have to be paid.