Panama - Total tax rate

Total tax rate (% of commercial profits)

Total tax rate (% of commercial profits) in Panama was 37.20 as of 2019. Its highest value over the past 14 years was 44.70 in 2007, while its lowest value was 37.00 in 2013.

Definition: Total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value added taxes, sales taxes or goods and service taxes) are excluded.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 43.90
2006 44.10
2007 44.70
2008 43.80
2009 43.80
2010 43.80
2011 43.60
2012 40.50
2013 37.00
2014 37.20
2015 37.20
2016 37.20
2017 37.20
2018 37.20
2019 37.20

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment