Central America and the Caribbean > Panama > Taxation

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Average time to clear customs > days	4.98 days		[9th of 39]
Customs and other import duties > % of tax revenue	23.67 %		[17th of 82]
Customs and other import duties > current LCU	258810000
Highest marginal tax rate, corporate rate > %	30 %		[54th of 108]
Highest marginal tax rate, individual > on income exceeding, US$	200,000 $		[3rd of 93]
Highest marginal tax rate, individual rate > %	30 %		[61st of 102]
Net taxes on products > constant LCU	879000000
Other taxes > % of revenue	3.54 %		[31st of 91]
Social contributions > % of revenue	19.56 %		[29th of 78]
Tax payments > number	59		[27th of 171]
Tax rates > % of managers surveyed ranking this as a major business constraint	14.57 %		[9th of 39]
Tax revenue > % of GDP	9.26 %		[79th of 98]
Tax revenue > current LCU	1093390000
Taxes on goods and services > % of revenue	8.91 %		[83rd of 98]
Taxes on goods and services > % value added of industry and services	2.64 %		[79th of 89]
Taxes on income, profits and capital gains > % of revenue	14.93 %		[59th of 98]
Taxes on income, profits and capital gains > % of total taxes	41.53 %		[31st of 98]
Taxes on income, profits and capital gains > current LCU	454130000
Taxes on international trade > % of revenue	8.57 %		[31st of 86]
Total tax rate > % of profit	52.4 %		[55th of 171]

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