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Panama Corporate Tax Rate

Corporate Tax Rate in Panama

Indicator Data Period
Corporate Tax Rate 25 % 2022


Latest data on Corporate Tax Rate (%)

Corporate Tax Rate
                     Panama - Historical Data (%)

What is Corporate Tax Rate in Panama?

  • Corporate Tax Rate in Panama remained unchanged at 25 % in 2022. 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 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
25 2013 31.12.2013


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 2022 25 % 25
Sales Tax Rate 2022 7 % 7
Social Security Rate 2022 22.25 % 22

Corporate Tax Rate in other countries

Country Updated Actual Previous
Colombia 2022 35 % 31
Panama 2022 25 % 25
Puerto Rico 2022 37.5 % 37.5
Honduras 2022 25 % 25
Brazil 2022 34 % 34
Chile 2022 27 % 27
Paraguay 2022 10 % 10
Argentina 2022 25 % 25
Canada 2022 26.5 % 26.5
Ecuador 2022 25 % 25
Mexico 2022 30 % 30
Peru 2022 29.5 % 29.5
United States 2022 21 % 21
Uruguay 2022 25 % 25
Jamaica 2022 25 % 25
Suriname 2022 36 % 36
Venezuela 2022 34 % 34
Cameroon 2022 33 % 33
Dominican Republic 2022 27 % 28
Nicaragua 2022 30 % 30