Panama:
Statutory Minimum Wage
09 January 2018
FABREGA MOLINO
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By means of Executive Decree No.75 of December 26th of 2017, the
new minimum wage was approved by the Panamanian government.
The new rate hikes up the wages by an approximate percentage of
6.5 that will be enforced depending on the commercial activity
developed.
Therefore, the new minimum wages to be paid will be within the
range of US$318.24 and U$925.59, per month, when the previous
ranges were of US$303.68 to US$869.00
The wage adjustment will enter into force since January,
2018.
We strongly recommend applying the new regulations since the
government has informed that administrative sanctions will be
applied in case of infringement of this Executive Decree.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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