Switzerland vs Panama
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
💰 Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country — side by side.
Individual Income Tax (Top Marginal Rate)
VAT / GST / Sales Tax
Corporate Tax Rate
Capital Gains Tax
Social Security & Payroll
🇨🇭 Switzerland — Cantonal & Communal Taxes
Switzerland's 26 cantons and ~2,200 communes independently set income and corporate tax rates. Zug (~12% combined top) and Nidwalden are among the lowest globally; Geneva and Vaud reach ~45% combined. Wealth tax is levied by cantons. Pillar Two supplementary tax is active for large MNCs. Inheritance and gift taxes are cantonal.
🇵🇦 Panama — 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%–2.1%), and service fees. Panama City has the highest commercial licence fees. Panama uses a territorial tax system — income earned outside Panama is not taxed. This has made Panama a significant financial and trading hub. The Colón Free Zone is the world's second largest free trade zone. Panama is working to exit FATF grey lists and improve tax transparency.
Switzerland vs Panama: Key Tax Differences (2026)
💰 Income Tax: 🇵🇦 Panama has a higher top income tax rate (0–11.5% vs 0–25%). 🇨🇭 Switzerland is more favourable for high earners.
🛒 VAT/Sales Tax: Switzerland has a higher consumption tax (2.6–8.1% vs 7%).
🏢 Corporate Tax: 🇵🇦 Panama offers a lower corporate rate (25% vs 26%), which can influence business location decisions.
📈 Capital Gains: 🇨🇭 Switzerland taxes investment gains at a lower rate (0% vs 10%), benefiting investors.