Effective tax rates: Corporate tax statistics Effective … marginal in Panama
Panama: Effective tax rates: Corporate tax statistics Effective … marginal was 19.3 Percentage of taxable income in 2025. ▬ Flat
Effective tax rates - Corporate tax statistics — Effective marginal in Panama, 2017–2025
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of taxable income.
Analysis
In 2025, effective tax rates - corporate tax statistics — effective marginal in Panama stood at 19.3 Percentage of taxable income.
The figure is up 3.7% on the previous year and down 2.7% over ten years.
Over the whole period, effective tax rates - corporate tax statistics — effective marginal in Panama peaked at 19.84 Percentage of taxable income in 2017 and was at its lowest, 17.12 Percentage of taxable income, in 2020.
Panama ranks 68th of 99 countries on this measure, in the middle of the range.
Effective tax rates: Corporate tax statistics Effective … marginal in Panama, year by year
| Year | Percentage of taxable income | Change |
|---|---|---|
| 2017 | 19.84 Percentage of taxable income | — |
| 2018 | 18.61 Percentage of taxable income | -6.2% |
| 2019 | 17.61 Percentage of taxable income | -5.4% |
| 2020 | 17.12 Percentage of taxable income | -2.8% |
| 2021 | 17.43 Percentage of taxable income | +1.8% |
| 2022 | 18.04 Percentage of taxable income | +3.5% |
| 2023 | 18.26 Percentage of taxable income | +1.2% |
| 2024 | 18.61 Percentage of taxable income | +1.9% |
| 2025 | 19.3 Percentage of taxable income | +3.7% |
Panama compared with similar countries
- Panama's 19.3 Percentage of taxable income is below the median for high income countries, which is 20.11 Percentage of taxable income, 96% of the median. (54 countries reporting)
- Panama's 19.3 Percentage of taxable income is below the median for Latin America & Caribbean, which is 27.92 Percentage of taxable income, 69% of the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 18.69 Percentage of taxable income | 17.61 Percentage of taxable income | 19.84 Percentage of taxable income | 3 |
| 2020s | 18.13 Percentage of taxable income | 17.12 Percentage of taxable income | 19.3 Percentage of taxable income | 6 |
Countries ranked near Panama
- 65 Switzerland 20.76 Percentage of taxable income compare
- 66 Bulgaria 19.46 Percentage of taxable income compare
- 67 Slovenia 19.34 Percentage of taxable income compare
- 69 Canada 18.03 Percentage of taxable income compare
- 70 France 17.76 Percentage of taxable income compare
- 71 Paraguay 17.05 Percentage of taxable income compare
More economy & growth data for Panama
- Real gdp growth, annual growth rate 58.3 % change on previous year (2025)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.82 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 3.53 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0058 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 114.24 units per person (2025)
- SDRs holdings, SDR, annual growth rate -1.41 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0042 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 83.42 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -18.73 % change on previous year (2025)
Frequently asked questions
- What is effective tax rates - corporate tax statistics — effective marginal in Panama?
- Effective tax rates - corporate tax statistics — effective marginal in Panama was 19.3 Percentage of taxable income in 2025, according to Organisation for Economic Co-operation and Development.
- What is the highest effective tax rates - corporate tax statistics — effective marginal recorded in Panama?
- The highest recorded value was 19.84 Percentage of taxable income in 2017.
- What is the lowest effective tax rates - corporate tax statistics — effective marginal recorded in Panama?
- The lowest recorded value was 17.12 Percentage of taxable income in 2020.
- How does Panama rank for effective tax rates - corporate tax statistics — effective marginal?
- Panama ranks 68th out of 99 countries with data for 2025.
- Is effective tax rates - corporate tax statistics — effective marginal rising or falling in Panama?
- Over the last ten years it is down 2.7%. The long-run trend across the full record is flat.
- Where does this Panama data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Effective tax rates - Corporate tax statistics — Effective marginal tax rate. Statizoid updates them automatically from the source API.
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About this data
This table reports synthetic tax policy indicators calculated on the basis of a prospective, hypothetical investment project. Unlike backward-looking ETRs, they do not incorporate any information about firms' actual tax payments.The OECD methodology has been described in detail in the OECD Taxation Working Paper No. 38 (Hanappi, 2018). Further methodological information is available in the explanatory annex.