Panama Corporate Tax Rate2022 Data - 2023 Forecast - 1997-2021 Historical - Chart

Name: Panama Corporate Tax Rate
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Panama,Corporate Tax Rate,data,chart,actual,historical,values,calendar,forecast,graph,2022,2023,2024

The Corporate Tax Rate in Panama stands at 25 percent. source: General Directorate of Revenues, Panama

Corporate Tax Rate in Panama averaged 29.06 percent from 1997 until 2023, reaching an all time high of 37.00 percent in 1998 and a record low of 25.00 percent in 2011. This page provides - Panama Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Panama Corporate Tax Rate - values, historical data and charts - was last updated on June of 2023.

Corporate Tax Rate in Panama is expected to reach 25.00 percent by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Panama Corporate Tax Rate is projected to trend around 25.00 percent in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Personal Income Tax Rate	25.00	25.00	percent	Dec 2023
Corporate Tax Rate	25.00	25.00	percent	Dec 2023
Sales Tax Rate	7.00	7.00	percent	Dec 2023

Panama Corporate Tax Rate

In Panama, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Panama.