Singapore vs Panama
Corporate Tax Comparison
Time of Update: Singapore: 4/04/2026 / Panama: 4/04/2026
Compare Singapore and Panama corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.
Singapore vs Panama Corporate Tax Comparison
Basic Corporate Tax Comparison
Corporate Income Tax (CIT)
Singapore
Panama
General CIT Rate:
17
General CIT Rate:
25
CIT Return Due Date:
November 30
CIT Return Due Date:
Three months after the end of the fiscal year.
CIT Payment Due Date:
Tax assessment notice shall be delivered within one month.
CIT Payment Due Date:
Tax payments must be made within three months after the end of the respective accounting period.
CIT Estimated Payment Due Date:
The estimated income tax assessment must be submitted within three months after the end of the company's fiscal year. The estimated tax should be paid within one month after receiving the assessment notice, or paid in installments according to the installment payment plan.
CIT Estimated Payment Due Date:
6 months, 9 months, and 12 months after the end of the tax year.
Withholding Tax (WHT)
Singapore
Panama
Resident Withholding Tax (Dividend/Interest/Royalty):
NA
Resident Withholding Tax (Dividend/Interest/Royalty):
5, 10 - 20/NA/NA
None-Resident Withholding Tax (Dividend/Interest/Royalty):
0/15/10
None-Resident Withholding Tax (Dividend/Interest/Royalty):
5, 10 - 20/12.5/12.5
Value-Added Tax (VAT)
Capital Gain Tax (CGT)
Singapore
Panama
General Capital Gain Tax Rate:
N/A
General Capital Gain Tax Rate:
Return on investment sees Panama Company tax summary.
Effective Tax Rate (ETR)
Singapore
Panama
Composite Effective Average Tax Rate:
16.09%
Composite Effective Average Tax Rate:
23.33%
Composite Effective Marginal Tax Rate:
13.15%
Composite Effective Marginal Tax Rate:
18.47%
