The Personal Income Tax Rate in Panama stands at 25 percent. source: General Directorate of Revenues, Panama

Personal Income Tax Rate in Panama averaged 26.06 percent from 2004 until 2020, reaching an all time high of 33 percent in 2004 and a record low of 25 percent in 2010. This page provides - Panama Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Panama Personal Income Tax Rate - values, historical data and charts - was last updated on May of 2022.

Personal Income Tax Rate in Panama is expected to reach 25.00 percent by the end of 2020, 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 2021, according to our econometric models.

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Panama Personal Income Tax Rate



Related Last Previous Unit Reference
Personal Income Tax Rate 25.00 25.00 percent Dec 2021
Corporate Tax Rate 25.00 25.00 percent Dec 2021
Sales Tax Rate 7.00 7.00 percent Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
25.00 25.00 33.00 25.00 2004 - 2021 percent Yearly