{"id":16029,"date":"2025-05-22T11:36:44","date_gmt":"2025-05-22T11:36:44","guid":{"rendered":"https:\/\/central-law.com\/?p=16029"},"modified":"2025-05-22T11:48:15","modified_gmt":"2025-05-22T11:48:15","slug":"panama-esta-tu-empresa-preparada-para-el-impacto-de-la-ley-462","status":"publish","type":"post","link":"https:\/\/central-law.com\/en\/panama-esta-tu-empresa-preparada-para-el-impacto-de-la-ley-462\/","title":{"rendered":"PANAMA \u2013 Is your company prepared for the impact of Law 462?"},"content":{"rendered":"

Panama has entered a new phase of <\/span>structural reforms to its social security system<\/b> with the enactment of <\/span>Law 462<\/b>, published in the Official Gazette on <\/span>March 14, 2025<\/b>. This legislation introduces significant financial and legal adjustments that directly affect employers and their strategic planning.<\/span><\/p>\n

Employer Contributions to the IVM Program Increase<\/b><\/h3>\n

Starting in <\/span>April 2025<\/b>, companies will be required to <\/span>gradually increase their contributions<\/b> to the <\/span>Disability, Old Age and Death (IVM)<\/b> program of the <\/span>Social Security Fund (CSS)<\/b>:<\/span><\/p>\n\n\n\n\n\n\n
\n

Effective Period<\/b><\/p>\n<\/td>\n

Mandatory Employer Contribution<\/b><\/td>\n<\/tr>\n
\n

April 2025 \u2013 February 2027<\/span><\/p>\n<\/td>\n

\n

13.25%<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

March 2027 \u2013 February 2029<\/span><\/p>\n<\/td>\n

\n

14.25%<\/span><\/p>\n<\/td>\n<\/tr>\n

As of March 2029<\/span><\/td>\n\n

15.25%<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

This progressive increase represents a <\/span>structural change in labor costs<\/b> for businesses.<\/span><\/p>\n

Key Legal Implications for Employers<\/b><\/h3>\n