Panama - Other Taxes

Current Prices Local Currency

24,262,155.89 current LCU in 2021

WB

Other taxes in Central America and the Caribbean

Trinidad and Tobago	16.13 % in 2019	WB
Barbados	8.05 % in 2016	WB
Costa Rica	2.85 % in 2021	WB
Dominican Republic	1.58 % in 2021	WB
Guatemala	0.64 % in 2021	WB
Belize	0.58 % in 2017	WB
Nicaragua	0.56 % in 2021	WB
Honduras	0.47 % in 2020	WB
El Salvador	0.45 % in 2021	WB

Government finance in Panama

Budget Deficit	-4.48B current LCU in 2021	WB
Government Expenditure	11.55B current LCU in 2021	WB
Government Revenue	11.15 % in 2021	WB

Government Finance Government revenue in Panama

Grants and Other Revenue	33.57 % in 2021	WB
Tax Revenue	7.46 % in 2021	WB
Customs	5.7 % in 2021	WB
Social Contributions	0.03 % in 2020	WB

Government Finance Government Revenue Panama - Tax Revenue

Tax on Goods and Services	33.26 % in 2021	WB
Tax on Income, Profits and Capital Gains	29.06 % in 2021	WB
Taxes on International Trade	3.79 % in 2021	WB
Tax on Exports	0 % in 2018	WB