Panama: Number of taxes
* indicates monthly or quarterly data series
| Panama |
Number of taxes paid by businesses |
|---|---|
| Latest value | 36 |
| Year | 2019 |
| Measure | taxes |
| Data availability | 2005 - 2019 |
| Average | 50 |
| Min - Max | 36 - 60 |
| Source | The World Bank (doing business survey) |
The latest value from 2019 is 36 taxes, unchanged from 36 taxes in 2018. In comparison, the world average is 23 taxes, based on data from 184 countries. Historically, the average for Panama from 2005 to 2019 is 50 taxes. The minimum value, 36 taxes, was reached in 2018 while the maximum of 60 taxes was recorded in 2012.
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* indicates monthly or quarterly data series
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Definition: Tax payments by businesses are the total number of taxes paid by businesses, including electronic filing. The tax is counted as paid once a year even if payments are more frequent.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 11.42 | 2017 | percent |
| Government spending, in dollars | 9.76 | 2022 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -2.95 | 2023 | percent |
| Government debt | 57.86 | 2022 | percent |
| Government expenditure | 2.98 | Q4/2023 | billion |
| Tax revenue | 7.46 | 2021 | percent |
| Commercial tax rate | 37.20 | 2019 | percent |
| Tax preparation time | 408 | 2019 | hours |
| Number of taxes | 36 | 2019 | taxes |
| Taxes on goods and services | 33.26 | 2021 | percent |
| Taxes on international trade | 3.79 | 2021 | percent |
| Income and profits taxes | 29.06 | 2021 | percent |
| Foreign aid | 90.51 | 2021 | million U.S. dollars |