Panama vs Portugal: Paying taxes: Profit tax
Panama
12.4%
in 2019
Portugal
12.5%
in 2019
Panama rank
120th
Portugal rank
119th
Paying taxes: Profit tax over time
- Panama
- Portugal
How they compare
Portugal currently reports 12.5% against 12.4% in Panama, a difference of 0.1%.
Across all 15 years both countries report, Portugal has been ahead every year.
Panama ranks 120th and Portugal ranks 119th of 190 countries.
Portugal has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Panama | Portugal | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 12.5% | 14.9% | 2.4% | Portugal |
| 2010s | 12.3% | 13.8% | 1.5% | Portugal |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher paying taxes: profit tax, Panama or Portugal?
- Portugal, at 12.5% against 12.4% in Panama as of 2019.
- What is the difference in paying taxes: profit tax between Panama and Portugal?
- 0.1%, with Portugal ahead.
- How many years of comparable data are there for Panama and Portugal?
- 15 years are reported by both, from 2005 to 2019.
- How do Panama and Portugal rank globally for paying taxes: profit tax?
- Panama ranks 120th and Portugal ranks 119th 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.