The Personal Income Tax Rate in Panama stands at 25 percent. Personal Income Tax Rate in Panama averaged 26.20 percent from 2004 until 2018, reaching an all time high of 33 percent in 2004 and a record low of 25 percent in 2010.

Personal Income Tax Rate in Panama is expected to be 25.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Panama Personal Income Tax Rate is projected to trend around 25.00 percent in 2020, according to our econometric models.

Panama Personal Income Tax Rate
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Panama Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 25.00 25.00 37.00 25.00 percent [+]
Personal Income Tax Rate 25.00 25.00 33.00 25.00 percent [+]
Sales Tax Rate 7.00 7.00 7.00 5.00 percent [+]
Social Security Rate 22.25 22.25 23.75 20.75 percent [+]
Social Security Rate For Companies 12.50 12.50 14.50 12.25 percent [+]
Social Security Rate For Employees 9.75 9.75 10.25 8.50 percent [+]


Panama Personal Income Tax Rate

In Panama, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Panama. This page provides - Panama Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Panama Personal Income Tax Rate - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
25.00 25.00 33.00 25.00 2004 - 2018 percent Yearly




Country Last Previous
Japan 55.95 Dec/18
Netherlands 52.00 Dec/18
Germany 47.50 Dec/18
Australia 45.00 Dec/18
China 45.00 Dec/18
France 45.00 Dec/18
South Africa 45.00 Dec/18
Spain 45.00 Dec/18
United Kingdom 45.00 Dec/18
Italy 43.00 Dec/18
South Korea 40.00 Dec/18
Switzerland 40.00 Dec/18
United States 37.00 Dec/18
India 35.88 Dec/18
Argentina 35.00 Dec/18
Mexico 35.00 Dec/18
Turkey 35.00 Dec/18
Canada 33.00 Dec/18
Indonesia 30.00 Dec/18
Brazil 27.50 Dec/18
Singapore 22.00 Dec/18
Russia 13.00 Dec/18
Saudi Arabia 0.00 Dec/18


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