Paying taxes: Time to complete a corporate income tax correction in Panama

Panama: Paying taxes: Time to complete a corporate income tax correction was 99.29 DB17-20 methodology in 2019. ▬ Flat

Latest (2019)
99.29 DB17-20 methodology
Change on year
unchanged
World rank
3rd
of 181 countries
All-time high
99.29 DB17-20 methodology
in 2015
All-time low
99.29 DB17-20 methodology
in 2015
Years of data
5
2015–2019

Paying taxes: Time to complete a corporate income tax correction in Panama, 2015–2019

0204060801002015201720192015: 99.3 DB17-20 methodology2016: 99.3 DB17-20 methodology2017: 99.3 DB17-20 methodology2018: 99.3 DB17-20 methodology2019: 99.3 DB17-20 methodology

Source: World Bank. Measured in DB17-20 methodology.

Analysis

In 2019, paying taxes: time to complete a corporate income tax correction in Panama stood at 99.29 DB17-20 methodology. That is the highest value across all 5 years on record.

The figure is unchanged over five years.

Panama ranks 3rd of 181 countries on this measure, in the top 10%.

Paying taxes: Time to complete a corporate income tax correction in Panama, year by year

Annual values for Paying taxes: Time to complete a corporate income tax correction (weeks) (DB17-20 methodology) in Panama, 2015 to 2019.
Year DB17-20 methodology Change
2015 99.29 DB17-20 methodology
2016 99.29 DB17-20 methodology +0.0%
2017 99.29 DB17-20 methodology +0.0%
2018 99.29 DB17-20 methodology +0.0%
2019 99.29 DB17-20 methodology +0.0%

Countries ranked near Panama

  1. 1 Jamaica 113.29 DB17-20 methodology compare
  2. 2 Puerto Rico 104.86 DB17-20 methodology compare
  3. 4 Mexico 87.14 DB17-20 methodology compare
  4. 5 Brazil 86.57 DB17-20 methodology compare
  5. 6 Palestine, State of 80.14 DB17-20 methodology compare

See the full ranking of 181 places →

More reference data data for Panama

All data for Panama →

Frequently asked questions

What is paying taxes: time to complete a corporate income tax correction in Panama?
Paying taxes: time to complete a corporate income tax correction in Panama was 99.29 DB17-20 methodology in 2019, according to the World Bank.
What is the highest paying taxes: time to complete a corporate income tax correction recorded in Panama?
The highest recorded value was 99.29 DB17-20 methodology in 2015.
What is the lowest paying taxes: time to complete a corporate income tax correction recorded in Panama?
The lowest recorded value was 99.29 DB17-20 methodology in 2015.
How does Panama rank for paying taxes: time to complete a corporate income tax correction?
Panama ranks 3rd out of 181 countries with data for 2019.
Where does this Panama data come from?
The figures come from the World Bank, published as part of Paying taxes: Time to complete a corporate income tax correction (weeks) (DB17-20 methodology). Statizoid updates them automatically from the source API.

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Paying taxes: Time to complete a corporate income tax correction in Panama. Statizoid. Retrieved 27 August 2026, from https://reference.statizoid.com/stat/paying-taxes-time-to-complete-a-corporate-income-tax-correction-weeks-db17-20-methodology/panama/

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About this data

Indicator
Paying taxes: Time to complete a corporate income tax correction (weeks) (DB17-20 methodology)
Unit
DB17-20 methodology
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
181 places, 905 data points, 2015–2019
Last refreshed

Time to complete a corporate income tax correction (weeks) (DB17-20 methodology) measures the time to complete a review by the tax authority including a formal tax audit if in 25% or more of cases, a company that voluntarily reports an error in its corporate income tax return and an underpayment of the tax due would be selected for additional review. The component indicator is computed based on the methodology in the DB17-20 studies.