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Mali vs Panama
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

๐Ÿ‡ฒ๐Ÿ‡ฑ Mali
vs
๐Ÿ‡ต๐Ÿ‡ฆ Panama
Tax Year:

๐Ÿ’ฐ Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country โ€” side by side.

Enter your annual income above to see your personal tax comparison โ†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
0โ€“40%
40% top; political transition ongoing
No change
0โ€“25%
Territorial system; no plans to change
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
18%
18% TVA maintained
No change
7%
7% maintained
No change
Corporate Tax Rate
Corporate Tax Rate
30%
30%; mining fiscal reform expected
No change
25%
25% standard; Panama removed from grey lists
No change
Capital Gains Tax
Capital Gains Tax
30%
30% as income
No change
10%
10% CGT maintained
No change
Social Security & Payroll
Social Security / Payroll
~26.6%
INPS reform; social protection very limited
No change
~22.1%
CSS pension reform implementation
No change
State, Regional & Local Taxes

๐Ÿ‡ฒ๐Ÿ‡ฑ Mali โ€” Regional & Cercle Taxes

Mali's 21 regions and cercles (districts) levy local taxes including Taxe de Rรฉsidence, property taxes, and business licence fees. Mali has been in severe political turmoil โ€” military coups in 2020 and 2021, French military withdrawal, Russian PMC Wagner Group forces, and suspension from ECOWAS. Gold is the dominant export. The fiscal situation is extremely challenging with significant informal economy and conflict disruption, particularly in northern regions where terrorist groups control territory and tax trade routes informally.

๐Ÿ‡ต๐Ÿ‡ฆ Panama โ€” Municipal & Corregimiento Taxes

Panama's 10 provinces and 81 districts have municipalities that levy commercial licence fees (Tasa Unica), property tax (impuesto de inmuebles at 0%โ€“2.1%), and service fees. Panama City has the highest commercial licence fees. Panama uses a territorial tax system โ€” income earned outside Panama is not taxed. This has made Panama a significant financial and trading hub. The Colรณn Free Zone is the world's second largest free trade zone. Panama is working to exit FATF grey lists and improve tax transparency.

โš ๏ธ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025โ€“2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Mali vs Panama: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ฒ๐Ÿ‡ฑ Mali has a higher top income tax rate (0โ€“40% vs 0โ€“25%). ๐Ÿ‡ต๐Ÿ‡ฆ Panama is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Mali has a higher consumption tax (18% vs 7%).

๐Ÿข Corporate Tax: ๐Ÿ‡ต๐Ÿ‡ฆ Panama offers a lower corporate rate (25% vs 30%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ต๐Ÿ‡ฆ Panama taxes investment gains at a lower rate (10% vs 30%), benefiting investors.

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