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Panama Corporate Tax Rate

Corporate Tax Rate in Panama

Indicator Data Period
Corporate Tax Rate 25 % 2021


Latest data on Corporate Tax Rate (%)

Corporate Tax Rate
                     Panama - Historical Data (%)

What is Corporate Tax Rate in Panama?

  • Corporate Tax Rate in Panama decreased to 2.1 % in 2021. The maximum rate was 21.9 % and minimum was -16.9 %.
  • Data published Yearly by General Directorate of Revenues.

Historical Data (%) by years

Data
Period
Date
2.1 May/21 06.07.2021
21.9 Apr/21 04.06.2021
19.1 Mar/21 06.05.2021
5.2 Feb/21 12.04.2021
-16.8 Jan/21 04.03.2021
-0.3 Dec/20 04.02.2021
-7.4 Nov/20 07.01.2021
4.4 Oct/20 03.12.2020


Historical Chart by presidents (%)

Corporate Tax Rate in Panama by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Alexander Bellen 26.01.2017 - 0.8000 0.8000 0.8000 0.8000 0.00%

Other taxes in Panama

Index Updated Actual Previous
Corporate Tax Rate 2021 25 % 25
Personal Income Tax Rate 2021 25 % 25
Social Security Rate 2020 22.25 % 22.25

Corporate Tax Rate in other countries

Country Updated Actual Previous
Colombia 2021 31 % 32
Panama 2021 25 % 25
Puerto Rico 2021 37.5 % 37.5
Honduras 2021 25 % 25
Brazil 2021 34 % 34
Chile 2021 27 % 27
Paraguay 2021 10 % 10
Argentina 2021 25 % 30
Canada 2021 26.5 % 26.5
Ecuador 2021 25 % 25
Mexico 2021 30 % 30
Peru 2021 29.5 % 29.5
United States 2021 21 % 21
Uruguay 2021 25 % 25
Jamaica 2021 25 % 25
Suriname 2021 36 % 36
Venezuela 2021 34 % 34
Cameroon 2021 33 % 33
Dominican Republic 2021 28 % 27
Nicaragua 2021 30 % 30