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Taxes on Goods and Services (As % of Revenue) in Panama

Source: World Bank, World Bank
Last Updated: July 1, 2023

Taxes on goods and services as a share of revenue reached 33.4% in 2020 in Panama, according to the National Statistical Office. This is 3.97% less than in the previous year.

Historically, taxes on goods and services as a share of revenue in Panama reached an all time high of 36.9% in 2016 and an all time low of 8.91% in 2001.

Panama has been ranked 54th within the group of 111 countries we follow in terms of taxes on goods and services as a share of revenue.

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