Panama corporate tax rate
General corporate income tax rate on net taxable income, Código Fiscal art. 699, with the CAIR alternative-minimum computation.
| Current value | 25 percent |
|---|---|
| In force from | 2011-01-01 |
| Official source | Código Fiscal, art. 699 (texto según Ley 8 de 15 de marzo de 2010, G.O. 26489-A); tabla oficial de tarifas DGI-MEF ('Tarifa', cita Art. 128 del Decreto Ejecutivo No. 98 de 27 de septiembre de 2010) |
| Last verified | 2026-07-20 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
General rate 25% for fiscal periods from 2011 (was 27.5% in 2010, 30% before - Ley 8/2010 phase-down; verified on DGI 'Tarifa' page 2026-07-20). Special-regime sectors (banking, insurance/reinsurance, regulated financial entities, power generation/distribution, telecoms, cement, mining, gaming) phased 30% (2010) -> 27.5% (2012) -> 25% (2014 onward), so today also 25%. Companies in which the State holds >40% of shares pay 30%. CAIR ALTERNATIVE MINIMUM (art. 699 par.): juridical persons with gravable income > B/.1,500,000/year must compute ISR both ways and pay the GREATER of (a) 25% on net taxable income (traditional) or (b) 25% applied to a presumptive net income of 4.67% of total gravable income - i.e. an effective floor of ~1.1675% of gross taxable income; taxpayers may petition DGI for CAIR non-application within 90 days of fiscal-year close if they have losses or the CAIR effective rate exceeds the statutory rate (verified on DGI 'GD-ISR' page). Panama taxes on a TERRITORIAL basis - only Panama-source income. Dividend tax (10% local-source/5% foreign-source profits) and complementary tax are separate levies, not included here. WATCH ITEM: Ley 526 de 28 de mayo de 2026 (G.O. 30534-B) adds, from fiscal year 2027, a 15% exception tax on foreign-source passive income of multinational-group entities lacking economic substance in Panama - it does NOT change the art. 699 rate table.
Get it programmatically
curl https://usaref.dev/v1/pa/corporate-tax
# $0.001 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://usaref.dev/v1/pa/corporate-tax/history?from=2020-01-01
# Provenance: curl https://usaref.dev/provenance/pa/corporate-taxOther Panama series: policy interest rate · VAT rate · minimum wage · public holidays · inflation rate (CPI) · income tax rates