Personal Income Tax Rate in Panama
Tax Rate For Individuals in Panama
Indicator | Data | Period |
---|---|---|
Personal Income Tax Rate | 25 % | 2023 |
Latest data on Personal Income Tax Rate (%)
What is personal tax rate in Panama?
- Personal Income Tax Rate in Panama remained unchanged at 25 % in 2023. The maximum rate was 33 % and minimum was 25 %.
- Data published Yearly by General Directorate of Revenues.
Historical Data (%) by years
Data
Period
Date
25 | 2023 | 31.03.2023 |
25 | 2022 | 24.10.2022 |
25 | 2021 | 02.06.2021 |
25 | 2020 | 11.02.2020 |
25 | 2018 | 12.02.2018 |
25 | 2016 | 11.08.2017 |
Historical Chart by presidents (%)
Personal Income 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% |
Other taxes in Panama
Index | Updated | Actual | Previous |
Corporate Tax Rate | 2023 | 25 % | 25 |
Sales Tax Rate | 2023 | 7 % | 7 |
Social Security Rate | 2023 | 22 % | 22.25 |
Personal Income Tax Rate in other countries
Country | Updated | Actual | Previous |
Colombia | 2023 | 39 % | 39 |
Panama | 2023 | 25 % | 25 |
Puerto Rico | 2023 | 33 % | 33 |
Honduras | 2023 | 25 % | 25 |
Brazil | 2023 | 27.5 % | 27.5 |
Chile | 2023 | 40 % | 40 |
Argentina | 2023 | 35 % | 35 |
Canada | 2022 | 33 % | 33 |
Ecuador | 2022 | 37 % | 35 |
Mexico | 2023 | 35 % | 35 |
Peru | 2023 | 30 % | 30 |
United States | 2023 | 37 % | 37 |
Uruguay | 2023 | 36 % | 36 |
Jamaica | 2023 | 30 % | 30 |
Suriname | 2023 | 38 % | 38 |
Venezuela | 2023 | 34 % | 34 |
Cameroon | 2023 | 38.5 % | 38.5 |
Dominican Republic | 2023 | 25 % | 25 |
Nicaragua | 2023 | 30 % | 30 |