Ireland vs Panama: Paying taxes: Profit tax
Ireland
12.4%
in 2019
Panama
12.4%
in 2019
Ireland rank
120th
Panama rank
120th
Paying taxes: Profit tax over time
- Ireland
- Panama
How they compare
Ireland currently reports 12.4% against 12.4% in Panama, a difference of 0.0%.
The two have swapped places 2 times across 15 shared years of data; in 2005 it was Panama ahead.
Ireland ranks 120th and Panama ranks 120th of 190 countries.
Panama has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Ireland | Panama | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 12.0% | 12.5% | 0.5% | Panama |
| 2010s | 12.2% | 12.3% | 0.1% | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher paying taxes: profit tax, Ireland or Panama?
- Ireland, at 12.4% against 12.4% in Panama as of 2019.
- What is the difference in paying taxes: profit tax between Ireland and Panama?
- 0.0%, with Ireland ahead.
- How many years of comparable data are there for Ireland and Panama?
- 15 years are reported by both, from 2005 to 2019.
- How do Ireland and Panama rank globally for paying taxes: profit tax?
- Ireland ranks 120th and Panama ranks 120th of 190 countries.
- Where does this data come from?
- The World Bank, published as Paying taxes: Profit tax (% of profits). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The profit tax measures the amount of income taxes borne by the business in the second year of operation, expressed as a share of commercial pro?t.