WorldTax Compareโ† All Comparisons

Panama vs Guyana
Tax Rate Comparison

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

๐Ÿ‡ต๐Ÿ‡ฆ Panama
vs
๐Ÿ‡ฌ๐Ÿ‡พ Guyana
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€“25%
Territorial system; no plans to change
No change
28โ€“40%
40% top; oil revenue transforming economy
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
7%
7% maintained
No change
14%
14% maintained
No change
Corporate Tax Rate
Corporate Tax Rate
25%
25% standard; Panama removed from grey lists
No change
25โ€“40%
25% non-oil; oil sector revenues dominant
No change
Capital Gains Tax
Capital Gains Tax
10%
10% CGT maintained
No change
20%
20% CGT
No change
Social Security & Payroll
Social Security / Payroll
~22.1%
CSS pension reform implementation
No change
~14%
NIS reform; oil wealth funding social expansion
No change
State, Regional & Local Taxes

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.

๐Ÿ‡ฌ๐Ÿ‡พ Guyana โ€” Regional & Municipal Taxes

Guyana's 10 administrative regions and municipalities levy property rates, market fees, and trade licences. Guyana has experienced a dramatic economic transformation since major offshore oil discoveries (Stabroek Block) began production in 2019. GDP growth rates have been among the world's highest (60%+ in 2022). The Natural Resource Fund manages oil revenues for long-term savings. A long-running border dispute with Venezuela over Essequibo affects regional stability but has not stopped oil development.

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.

Panama vs Guyana: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ฌ๐Ÿ‡พ Guyana has a higher top income tax rate (0โ€“25% vs 28โ€“40%). ๐Ÿ‡ต๐Ÿ‡ฆ Panama is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Guyana has a higher consumption tax (7% vs 14%).

๐Ÿข Corporate Tax: ๐Ÿ‡ต๐Ÿ‡ฆ Panama offers a lower corporate rate (25% vs 40%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ต๐Ÿ‡ฆ Panama taxes investment gains at a lower rate (10% vs 20%), benefiting investors.

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