Name: Panama Personal Income Tax Rate
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Panama,Personal Income Tax Rate,data,chart,actual,historical,values,calendar,forecast,graph,2024,2025,2026

The Personal Income Tax Rate in Panama stands at 25 percent. Personal Income Tax Rate in Panama averaged 25.86 percent from 2004 until 2024, reaching an all time high of 33.00 percent in 2004 and a record low of 25.00 percent in 2010. source: General Directorate of Revenues, Panama

Personal Income Tax Rate in Panama is expected to reach 25.00 percent by the end of 2025, 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 2026, according to our econometric models.

Related	Last	Previous	Unit	Reference
Corporate Tax Rate	25.00	25.00	percent	Dec 2024
Personal Income Tax Rate	25.00	25.00	percent	Dec 2024
Sales Tax Rate	7.00	7.00	percent	Dec 2024
Social Security Rate	22.00	22.00	percent	Dec 2024
Social Security Rate For Companies	12.25	12.25	percent	Dec 2024
Social Security Rate For Employees	9.75	9.75	percent	Dec 2024
Withholding Tax Rate	12.50	12.50	percent	Dec 2024

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.