Paying taxes: Time to comply with corporate income tax correction in Panama

Panama: Paying taxes: Time to comply with corporate income tax correction was 28 DB17-20 methodology in 2019. ▬ Flat

Latest (2019)
28 DB17-20 methodology
Change on year
unchanged
World rank
27th
of 181 countries
All-time high
28 DB17-20 methodology
in 2015
All-time low
28 DB17-20 methodology
in 2015
Years of data
5
2015–2019

Paying taxes: Time to comply with corporate income tax correction in Panama, 2015–2019

01020302015201720192015: 28 DB17-20 methodology2016: 28 DB17-20 methodology2017: 28 DB17-20 methodology2018: 28 DB17-20 methodology2019: 28 DB17-20 methodology

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

Analysis

Panama recorded 28 DB17-20 methodology for paying taxes: time to comply with corporate income tax correction in 2019. That is the highest value across all 5 years on record.

That represents a change of unchanged over five years.

Panama ranks 27th of 181 countries on this measure, in the top quarter.

Paying taxes: Time to comply with corporate income tax correction in Panama, year by year

Annual values for Paying taxes: Time to comply with corporate income tax correction (hours) (DB17-20 methodology) in Panama, 2015 to 2019.
Year DB17-20 methodology Change
2015 28 DB17-20 methodology
2016 28 DB17-20 methodology +0.0%
2017 28 DB17-20 methodology +0.0%
2018 28 DB17-20 methodology +0.0%
2019 28 DB17-20 methodology +0.0%

Countries ranked near Panama

  1. 25 Bosnia and Herzegovina 30 DB17-20 methodology compare
  2. 26 Slovenia 29 DB17-20 methodology compare
  3. 27 Mozambique 28 DB17-20 methodology compare
  4. 29 Nepal 26 DB17-20 methodology compare
  5. 30 Egypt 24.5 DB17-20 methodology compare
  6. 30 Malta 24.5 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 comply with corporate income tax correction in Panama?
Paying taxes: time to comply with corporate income tax correction in Panama was 28 DB17-20 methodology in 2019, according to the World Bank.
What is the highest paying taxes: time to comply with corporate income tax correction recorded in Panama?
The highest recorded value was 28 DB17-20 methodology in 2015.
What is the lowest paying taxes: time to comply with corporate income tax correction recorded in Panama?
The lowest recorded value was 28 DB17-20 methodology in 2015.
How does Panama rank for paying taxes: time to comply with corporate income tax correction?
Panama ranks 27th 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 comply with corporate income tax correction (hours) (DB17-20 methodology). Statizoid updates them automatically from the source API.

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Paying taxes: Time to comply with corporate income tax correction in Panama. Statizoid. Retrieved 02 September 2026, from https://reference.statizoid.com/stat/paying-taxes-time-to-comply-with-corporate-income-tax-correction-hours-db17-20-methodology/panama/

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About this data

Indicator
Paying taxes: Time to comply with corporate income tax correction (hours) (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

The time to comply with a corporate income tax correction measures the time spent preparing and submitting the correction, and the time spent preparing information for the tax officers, if, in 25% or more of cases, a company that voluntarily reports an error in its CIT 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.