Panama vs Sao Tome and Principe: Paying taxes: Total tax and contribution rate
Paying taxes: Total tax and contribution rate over time
- Panama
- Sao Tome and Principe
How they compare
Panama currently reports 37.2% against 37.0% in Sao Tome and Principe, a difference of 0.2%.
The two have swapped places 3 times across 15 shared years of data; in 2005 it was Sao Tome and Principe ahead.
Panama ranks 92nd and Sao Tome and Principe ranks 95th of 190 countries.
Across the 2 decades both report, Panama averaged higher in 1 and Sao Tome and Principe in 1.
Head to head by decade
| Decade | Panama | Sao Tome and Principe | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 44.1% | 51.2% | 7.2% | Sao Tome and Principe |
| 2010s | 38.8% | 37.6% | 1.2% | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher paying taxes: total tax and contribution rate, Panama or Sao Tome and Principe?
- Panama, at 37.2% against 37.0% in Sao Tome and Principe as of 2019.
- What is the difference in paying taxes: total tax and contribution rate between Panama and Sao Tome and Principe?
- 0.2%, with Panama ahead.
- How many years of comparable data are there for Panama and Sao Tome and Principe?
- 15 years are reported by both, from 2005 to 2019.
- How do Panama and Sao Tome and Principe rank globally for paying taxes: total tax and contribution rate?
- Panama ranks 92nd and Sao Tome and Principe ranks 95th of 190 countries.
- Where does this data come from?
- The World Bank, published as Paying taxes: Total tax and contribution rate (% of profit). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
The total tax and contribution rate measures the amount of taxes and mandatory contributions borne by the business in the second year of operation, expressed as a share of commercial pro?t. The total amount of taxes and contributions borne is the sum of all the different taxes and contributions payable after accounting for allowable deductions and exemptions. The taxes withheld (such as personal income tax) or collected by the company and remitted to the tax authorities (such as VAT, sales tax or goods and service tax) but not borne by the company are excluded.