Taxes on income, profits and capital gains as a share of revenue reached 30.8% in 2020 in Panama, according to the National Statistical Office. This is 2.78% less than in the previous year.
Historically, taxes on income, profits and capital gains as a share of revenue in Panama reached an all time high of 34.2% in 2016 and an all time low of 14.9% in 2001.
Panama has been ranked 35th within the group of 109 countries we follow in terms of taxes on income, profits and capital gains as a share of revenue.
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