Can an employer resort to a private arbitration proceeding regarding collective labor conflicts?
The law establishes that employers cannot resort to a private arbitration proceeding regarding collective labor conflicts. Employers may agree with the labor union in submitting the conflict to arbitration proceedings via the procedure followed before the Ministry of Labor. Q: What are Panama’s Social Security Tax Rates? The social security payable rates in Panama are all based on the employee salary as follows: Social Security Employee: 7.25% Social Security Employer: 10.75% Educational Security Employee: 1.25% Educational Security Employer: 1.50% Professional Risk Security Employer: 2.10% (This varies depending on the business activity) Employee Income Tax: To be withheld by employer and paid to the government according to the salary tax table. It is also important to know that the law in Panama allows employees to receive a bonus by law called the “XIII Month” which is the salary split by 3 payments due on April, august and December; this is only subject to social security 7.25% emp
