1887

Revenue Statistics in Latin America and the Caribbean 2023

image of Revenue Statistics in Latin America and the Caribbean 2023

This report compiles comparable tax revenue statistics over the period 1990-2021 for 27 Latin American and Caribbean economies. Based on the OECD Revenue Statistics database, it applies the OECD methodology to countries in Latin America and the Caribbean (LAC) to enable comparison of tax levels and tax structures on a consistent basis, both among the economies of the region and with other economies. The report includes two special features examining the fiscal revenues from non-renewable natural resources in the LAC region in 2021 and 2022 as well as the measurement and evaluation of tax expenditures in Latin America. This publication is jointly undertaken by the OECD Centre for Tax Policy and Administration, the OECD Development Centre, the Inter-American Center of Tax Administrations (CIAT), the Economic Commission for Latin America and the Caribbean (ECLAC) and the Inter-American Development Bank (IDB).

English Also available in: Spanish

Table 6.21 - Panama, tax revenues by sub-sectors of government

English Also available in: Spanish

Revenue Statistics in Latin America and the Caribbean 2023 - © OECD 2023

‌6.21Panama, tax revenues by sub-sectors of government
Million PAB
‌‌
Federal government 2
State/Regional
‌1990‌
‌2000‌
‌2010‌
‌2015‌
‌2021‌
‌1990‌
‌2000‌
‌2010‌
‌2015‌
‌2021‌
1000 Taxes on income, profits and capital gains
217
 
485
 
1 317
 
2 066
 
1 998
 
..
 
..
 
..
 
..
 
..
 
1100 Of individuals
140
 
295
 
440
 
799
 
1 102
 
..
 
..
 
..
 
..
 
..
 
1200 Corporate
66
 
159
 
603
 
851
 
582
 
..
 
..
 
..
 
..
 
..
 
1300 Unallocable between 1100 and 1200
11
 
31
 
273
 
416
 
315
 
..
 
..
 
..
 
..
 
..
 
2000 Social security contributions
0
 
0
 
0
 
0
 
0
 
..
 
..
 
..
 
..
 
..
 
2100 Employees
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
2200 Employers
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
2300 Self-employed or non-employed
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
2400 Unallocable between 2100, 2200 and 2300
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
3000 Taxes on payroll and workforce 1
0
 
36
 
59
 
111
 
113
 
..
 
..
 
..
 
..
 
..
 
4000 Taxes on property
32
 
43
 
138
 
199
 
180
 
..
 
..
 
..
 
..
 
..
 
4100 Recurrent taxes on immovable property
28
 
34
 
108
 
151
 
145
 
..
 
..
 
..
 
..
 
..
 
4200 Recurrent taxes on net wealth
0
 
0
 
0
 
0
 
0
 
..
 
..
 
..
 
..
 
..
 
4300 Estate, inheritance and gift taxes
0
 
0
 
0
 
0
 
0
 
..
 
..
 
..
 
..
 
..
 
4400 Taxes on financial and capital transactions
3
 
9
 
30
 
48
 
35
 
..
 
..
 
..
 
..
 
..
 
4500 Non-recurrent taxes
0
 
0
 
0
 
0
 
0
 
..
 
..
 
..
 
..
 
..
 
4600 Other recurrent taxes on property
0
 
0
 
0
 
0
 
0
 
..
 
..
 
..
 
..
 
..
 
5000 Taxes on goods and services
349
 
565
 
1 547
 
2 496
 
2 073
 
..
 
..
 
..
 
..
 
..
 
5100 Taxes on production, sale, transfer, etc
332
 
546
 
1 473
 
2 376
 
1 954
 
..
 
..
 
..
 
..
 
..
 
5110 General taxes
80
 
69
 
766
 
1 357
 
1 131
 
..
 
..
 
..
 
..
 
..
 
5120 Taxes on specific goods and services
251
 
477
 
707
 
1 019
 
823
 
..
 
..
 
..
 
..
 
..
 
5130 Unallocable between 5110 and 5120
0
 
0
 
0
 
0
 
0
 
..
 
..
 
..
 
..
 
..
 
5200 Taxes on use of goods and to perform activities
15
 
19
 
75
 
120
 
119
 
..
 
..
 
..
 
..
 
..
 
5300 Unallocable between 5100 and 5200
2
 
0
 
0
 
0
 
0
 
..
 
..
 
..
 
..
 
..
 
6000 Other taxes
26
 
27
 
41
 
37
 
24
 
..
 
..
 
..
 
..
 
..
 
6100 Paid solely by business
0
 
0
 
0
 
0
 
0
 
..
 
..
 
..
 
..
 
..
 
6200 Other
26
 
27
 
41
 
37
 
24
 
..
 
..
 
..
 
..
 
..
 
Total tax revenue
624
 
1 157
 
3 102
 
4 910
 
4 389
 
..
 
..
 
..
 
..
 
..
 
‌‌
Local government 3
Social Security Funds 4
‌1990‌
‌2000‌
‌2010‌
‌2015‌
‌2021‌
‌1990‌
‌2000‌
‌2010‌
‌2015‌
‌2021‌
1000 Taxes on income, profits and capital gains
..
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
1100 Of individuals
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
1200 Corporate
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
1300 Unallocable between 1100 and 1200
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
2000 Social security contributions
..
 
0
 
0
 
0
 
0
 
325
 
742
 
1 637
 
3 152
 
3 570
 
2100 Employees
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
2200 Employers
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
2300 Self-employed or non-employed
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
2400 Unallocable between 2100, 2200 and 2300
..
 
..
 
..
 
..
 
..
 
325
 
742
 
1 637
 
3 152
 
3 570
 
3000 Taxes on payroll and workforce
..
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
4000 Taxes on property
..
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
4100 Recurrent taxes on immovable property
..
 
0
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
4200 Recurrent taxes on net wealth
..
 
0
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
4300 Estate, inheritance and gift taxes
..
 
0
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
4400 Taxes on financial and capital transactions
..
 
0
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
4500 Non-recurrent taxes
..
 
0
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
4600 Other recurrent taxes on property
..
 
0
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
5000 Taxes on goods and services
..
 
43
 
76
 
131
 
146
 
0
 
0
 
0
 
0
 
0
 
5100 Taxes on production, sale, transfer, etc
..
 
0
 
0
 
0
 
0
 
..
 
..
 
..
 
..
 
..
 
5110 General taxes
..
 
0
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
5120 Taxes on specific goods and services
..
 
0
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
5130 Unallocable between 5110 and 5120
..
 
0
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
5200 Taxes on use of goods and to perform activities
..
 
43
 
76
 
131
 
146
 
..
 
..
 
..
 
..
 
..
 
5300 Unallocable between 5100 and 5200
..
 
0
 
0
 
0
 
0
 
..
 
..
 
..
 
..
 
..
 
6000 Other taxes
..
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
6100 Paid solely by business
..
 
0
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
6200 Other
..
 
0
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
Total tax revenue
..
 
43
 
76
 
131
 
146
 
325
 
742
 
1 637
 
3 152
 
3 570
 
..
Not available
Disclaimer: http://oe.cd/disclaimer
1.
In ECLAC data, education insurance is classified as "Other taxes" (6000).
2.
The figures exclude documentos fiscales as they are not considered as tax revenues according to the OECD classification, described in the interpretative guide.
3.
Local tax revenue data in 2021 are estimated.
4.
Social security contributions include regular and special contributions and professional risks premium collected by the Caja de Seguro Social (CSS).

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