Panama vs Saint Vincent and the Grenadines: Paying taxes: Total tax and contribution rate
Paying taxes: Total tax and contribution rate over time
- Panama
- Saint Vincent and the Grenadines
How they compare
Panama currently reports 37.2% against 37.0% in Saint Vincent and the Grenadines, a difference of 0.2%.
The two have swapped places 3 times across 15 shared years of data; in 2005 it was Saint Vincent and the Grenadines ahead.
Panama ranks 92nd and Saint Vincent and the Grenadines ranks 95th of 190 countries.
Panama has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Panama | Saint Vincent and the Grenadines | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 44.1% | 43.7% | 0.3% | Panama |
| 2010s | 38.8% | 38.8% | 0.1% | 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 Saint Vincent and the Grenadines?
- Panama, at 37.2% against 37.0% in Saint Vincent and the Grenadines as of 2019.
- What is the difference in paying taxes: total tax and contribution rate between Panama and Saint Vincent and the Grenadines?
- 0.2%, with Panama ahead.
- How many years of comparable data are there for Panama and Saint Vincent and the Grenadines?
- 15 years are reported by both, from 2005 to 2019.
- How do Panama and Saint Vincent and the Grenadines rank globally for paying taxes: total tax and contribution rate?
- Panama ranks 92nd and Saint Vincent and the Grenadines 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.
Individual pages
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.