Paying taxes: Profit tax in Panama
Panama: Paying taxes: Profit tax was 12.4% in 2019. ▬ Flat
Latest (2019)
12.4%
Change on year
unchanged
World rank
120th
of 190 countries
All-time high
12.6%
in 2008
All-time low
11.4%
in 2012
Years of data
15
2005–2019
Paying taxes: Profit tax in Panama, 2005–2019
Source: World Bank. Measured in % of profits.
Analysis
The most recent figure for paying taxes: profit tax in Panama is 12.4%, measured in 2019.
Compared with earlier readings it is down 1.6% over ten years.
Over the whole period, paying taxes: profit tax in Panama peaked at 12.6% in 2008 and was at its lowest, 11.4%, in 2012.
Panama ranks 120th of 190 countries on this measure, in the middle of the range.
Paying taxes: Profit tax in Panama, year by year
| Year | % of profits | Change |
|---|---|---|
| 2005 | 12.4% | — |
| 2006 | 12.5% | +0.8% |
| 2007 | 12.2% | -2.4% |
| 2008 | 12.6% | +3.3% |
| 2009 | 12.6% | +0.0% |
| 2010 | 12.5% | -0.8% |
| 2011 | 12.5% | +0.0% |
| 2012 | 11.4% | -8.8% |
| 2013 | 12.5% | +9.6% |
| 2014 | 12.4% | -0.8% |
| 2015 | 12.4% | +0.0% |
| 2016 | 12.4% | +0.0% |
| 2017 | 12.4% | +0.0% |
| 2018 | 12.4% | +0.0% |
| 2019 | 12.4% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 12.5% | 12.2% | 12.6% | 5 |
| 2010s | 12.3% | 11.4% | 12.5% | 10 |
Countries ranked near Panama
More reference data data for Panama
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.1446 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.6179 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.9793 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0285 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.9793 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.4849 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.2267 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 3.44 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 5.08 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.1553 (2050)
Frequently asked questions
- What is paying taxes: profit tax in Panama?
- Paying taxes: profit tax in Panama was 12.4% in 2019, according to the World Bank.
- What is the highest paying taxes: profit tax recorded in Panama?
- The highest recorded value was 12.6% in 2008.
- What is the lowest paying taxes: profit tax recorded in Panama?
- The lowest recorded value was 11.4% in 2012.
- How does Panama rank for paying taxes: profit tax?
- Panama ranks 120th out of 190 countries with data for 2019.
- Is paying taxes: profit tax rising or falling in Panama?
- Over the last ten years it is down 1.6%. The long-run trend across the full record is flat.
- Where does this Panama data come from?
- The figures come from the World Bank, published as part of Paying taxes: Profit tax (% of profits). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.