Dominican Republic vs Panama: Taxes on income, profits and capital gains
Dominican Republic
29.3%
in 2024
Panama
29.1%
in 2024
Dominican Republic rank
49th
Panama rank
51st
Taxes on income, profits and capital gains over time
- Dominican Republic
- Panama
How they compare
Dominican Republic currently reports 29.3% against 29.1% in Panama, a difference of 0.2%.
The two have swapped places 3 times across 11 shared years of data; in 2014 it was Panama ahead.
Dominican Republic ranks 49th and Panama ranks 51st of 153 countries.
Panama has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Dominican Republic | Panama | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 25.9% | 31.8% | 5.9% | Panama |
| 2020s | 28.7% | 31.5% | 2.8% | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on income, profits and capital gains, Dominican Republic or Panama?
- Dominican Republic, at 29.3% against 29.1% in Panama as of 2024.
- What is the difference in taxes on income, profits and capital gains between Dominican Republic and Panama?
- 0.2%, with Dominican Republic ahead.
- How many years of comparable data are there for Dominican Republic and Panama?
- 11 years are reported by both, from 2014 to 2024.
- How do Dominican Republic and Panama rank globally for taxes on income, profits and capital gains?
- Dominican Republic ranks 49th and Panama ranks 51st of 153 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Taxes on income, profits and capital gains (% of revenue). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.