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Andorra vs Panama: tax rates compared
Panama has a corporate tax rate of 25%, 15pp above Andorra's 10%. The 201-country average is 22.6%: Andorra sits below it, Panama sits above it.
Verified data covers one of the six tracked tax types for both countries; every rate below is cited to its source and dated.
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Andorra | 10% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Panama | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −15 pp | Panama higher |
Not covered for both countries yet: Income Tax, VAT, Capital Gains Tax, Crypto Tax, Wealth Tax.