Version 1.8.6 - Added Panama and updated Colombia

Today we released version 1.8.6 of VAT Calculator. In this new version we added Panama as requested by one of our users.

Panama flag

Currently Panama has the following VAT (ITBMS) rates:

• 7%, 10% and 15%

Colombia flag

We also updated Colombia, because the VAT rate is going to increase from 16% to 19%, starting 1st January 2017.

Version 1.8.5 - Added Dominican Republic, Iraq and Sri Lanka

Version 1.8.5 of  VAT Calculator is now live. It includes three new countries, Dominican Republic, Iraq and Sri Lanka.

Dominican Republic, Iran and Sri Lanka flags

Currently their VAT rates are as follows:

• Dominican Republic - 16% and 18%
• Iraq - 1.5%, 9%, 12% and 20%
• Sri Lanka - 15%