WorldTax Compareโ† All Comparisons

Fiji vs Panama
Tax Rate Comparison

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

๐Ÿ‡ซ๐Ÿ‡ฏ Fiji
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€“20%
20% top; climate resilience spending priority
No change
0โ€“25%
Territorial system; no plans to change
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
15%
15% VAT stable
No change
7%
7% maintained
No change
Corporate Tax Rate
Corporate Tax Rate
20%
20%; Pillar Two for qualifying MNCs
No change
25%
25% standard; Panama removed from grey lists
No change
Capital Gains Tax
Capital Gains Tax
10%
10% CGT maintained
No change
10%
10% CGT maintained
No change
Social Security & Payroll
Social Security / Payroll
~20%
FNPF reform; adequacy improving
No change
~22.1%
CSS pension reform implementation
No change
State, Regional & Local Taxes

๐Ÿ‡ซ๐Ÿ‡ฏ Fiji โ€” Municipal & Town Council Taxes

Fiji's municipalities (including Suva City Council) levy rates on property, trade licences, and local service fees. Fiji's economy relies on tourism (60%+ of GDP), sugar exports, and remittances. COVID-19 devastated Fiji's economy in 2020โ€“21. A new government elected in 2022 has implemented fiscal reforms including raising VAT. Fiji has one of the Pacific's most developed tax systems and is positioning itself as a climate-vulnerable small island developing state seeking climate finance.

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.

Fiji vs Panama: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ต๐Ÿ‡ฆ Panama has a higher top income tax rate (0โ€“20% vs 0โ€“25%). ๐Ÿ‡ซ๐Ÿ‡ฏ Fiji is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Fiji has a higher consumption tax (15% vs 7%).

๐Ÿข Corporate Tax: ๐Ÿ‡ซ๐Ÿ‡ฏ Fiji offers a lower corporate rate (20% vs 25%), which can influence business location decisions.

Related Comparisons

๐Ÿ‡ซ๐Ÿ‡ฏ Fiji vs ๐Ÿ‡ฆ๐Ÿ‡ฉ AndorraTax comparison๐Ÿ‡ซ๐Ÿ‡ฏ Fiji vs ๐Ÿ‡ฒ๐Ÿ‡จ MonacoTax comparison๐Ÿ‡ซ๐Ÿ‡ฏ Fiji vs ๐Ÿ‡ฑ๐Ÿ‡ฎ LiechtensteinTax comparison๐Ÿ‡ซ๐Ÿ‡ฏ Fiji vs ๐Ÿ‡ธ๐Ÿ‡ฒ San MarinoTax comparison๐Ÿ‡ซ๐Ÿ‡ฏ Fiji vs ๐Ÿ‡ง๐Ÿ‡ง BarbadosTax comparison๐Ÿ‡ซ๐Ÿ‡ฏ Fiji vs ๐Ÿ‡น๐Ÿ‡น Trinidad and TobagoTax comparison๐Ÿ‡ซ๐Ÿ‡ฏ Fiji vs ๐Ÿ‡ง๐Ÿ‡ธ BahamasTax comparison๐Ÿ‡ซ๐Ÿ‡ฏ Fiji vs ๐Ÿ‡ง๐Ÿ‡ฟ BelizeTax comparison๐Ÿ‡ซ๐Ÿ‡ฏ Fiji vs ๐Ÿ‡ณ๐Ÿ‡ฎ NicaraguaTax comparison๐Ÿ‡ซ๐Ÿ‡ฏ Fiji vs ๐Ÿ‡ฌ๐Ÿ‡พ GuyanaTax comparison๐Ÿ‡ซ๐Ÿ‡ฏ Fiji vs ๐Ÿ‡ธ๐Ÿ‡ท SurinameTax comparison๐Ÿ‡ซ๐Ÿ‡ฏ Fiji vs ๐Ÿ‡ฆ๐Ÿ‡ฑ AlbaniaTax comparison