India vs Panama: Paying taxes: Labor tax and contributions
India
20.2%
in 2019
Panama
20.0%
in 2019
India rank
58th
Panama rank
60th
Paying taxes: Labor tax and contributions over time
- India
- Panama
How they compare
India currently reports 20.2% against 20.0% in Panama, a difference of 0.2%.
The two have swapped places 2 times across 15 shared years of data; in 2005 it was India ahead.
India ranks 58th and Panama ranks 60th of 190 countries.
Across the 2 decades both report, India averaged higher in 1 and Panama in 1.
Head to head by decade
| Decade | India | Panama | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 21.0% | 21.3% | 0.3% | Panama |
| 2010s | 20.7% | 20.3% | 0.4% | India |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher paying taxes: labor tax and contributions, India or Panama?
- India, at 20.2% against 20.0% in Panama as of 2019.
- What is the difference in paying taxes: labor tax and contributions between India and Panama?
- 0.2%, with India ahead.
- How many years of comparable data are there for India and Panama?
- 15 years are reported by both, from 2005 to 2019.
- How do India and Panama rank globally for paying taxes: labor tax and contributions?
- India ranks 58th and Panama ranks 60th of 190 countries.
- Where does this data come from?
- The World Bank, published as Paying taxes: Labor tax and contributions (% of profits). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The labor tax and contributions measures all government mandated labor contributions that are borne by the business in the second year of operation, expressed as a share of commercial pro?t.