Panama Corporate Tax Rate
Corporate Tax Rate in Panama
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 25 % | 2023 |
Latest data on Corporate Tax Rate (%)
What is Corporate Tax Rate in Panama?
- Corporate Tax Rate in Panama remained unchanged at 25 % in 2023. The maximum rate was 37 % and minimum was 25 %.
- Data published Yearly by General Directorate of Revenues.
Historical Data (%) by years
Data
Period
Date
| 25 | 2023 | 04.04.2023 |
| 25 | 2022 | 24.10.2022 |
| 25 | 2021 | 01.06.2021 |
| 25 | 2020 | 10.02.2020 |
| 25 | 2018 | 10.02.2018 |
| 25 | 2016 | 11.08.2017 |
| 25 | 2015 | 31.12.2015 |
| 25 | 2014 | 31.12.2014 |
Historical Chart by presidents (%)
Corporate Tax Rate in Panama by presidents
| Name | Period | Start Data | End Data | Max Value | Min Value | CHG% Start/End |
|---|---|---|---|---|---|---|
| Juan Varela | 01.07.2014 - | 25.0000 | 25.0000 | 25.0000 | 25.0000 | 0.00% |
| Ricardo Martinelli | 01.07.2009 - 01.07.2014 | 30.0000 | 25.0000 | 30.0000 | 25.0000 | -16.67% |
| Martín Torrijos | 01.09.2004 - 01.07.2009 | 30.0000 | 30.0000 | 30.0000 | 30.0000 | 0.00% |
| Mireya Moscoso | 01.09.1999 - 01.09.2004 | 37.0000 | 30.0000 | 37.0000 | 30.0000 | -18.92% |
| Ernesto Balladares | 01.09.1994 - 01.09.1999 | 37.0000 | 37.0000 | 37.0000 | 37.0000 | 0.00% |
Other taxes in Panama
| Index | Updated | Actual | Previous |
| Personal Income Tax Rate | 2023 | 25 % | 25 |
| Sales Tax Rate | 2023 | 7 % | 7 |
| Social Security Rate | 2023 | 22 % | 22.25 |
Corporate Tax Rate in other countries
| Country | Updated | Actual | Previous |
| Colombia | 2022 | 35 % | 31 |
| Panama | 2023 | 25 % | 25 |
| Puerto Rico | 2023 | 37.5 % | 37.5 |
| Honduras | 2023 | 25 % | 25 |
| Brazil | 2022 | 34 % | 34 |
| Chile | 2022 | 27 % | 27 |
| Paraguay | 2023 | 10 % | 10 |
| Argentina | 2022 | 25 % | 25 |
| Canada | 2022 | 26.5 % | 26.5 |
| Ecuador | 2023 | 25 % | 25 |
| Mexico | 2023 | 30 % | 30 |
| Peru | 2023 | 29.5 % | 29.5 |
| United States | 2023 | 21 % | 21 |
| Uruguay | 2023 | 25 % | 25 |
| Jamaica | 2022 | 25 % | 25 |
| Suriname | 2023 | 36 % | 36 |
| Venezuela | 2023 | 34 % | 34 |
| Cameroon | 2023 | 33 % | 33 |
| Dominican Republic | 2023 | 27 % | 27 |
| Nicaragua | 2023 | 30 % | 30 |
