Panama
Total Tax Rate (Business and Personal)
32.78
profits- Panama
- Global Median
Source: IMF
Definition of Total Tax Rate (Business and Personal)
Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
