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Bahrain vs Panama: tax rates compared
Panama's income tax rate is 25pp higher than Bahrain's (25% vs 0%). The 200-country average is 28%: both sit below it.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | BH | PA | Difference |
|---|---|---|---|
| Income Tax | 0% | 25% | PA +25 pplargest gap |
| Corporate Tax | 0% | 25% | PA +25 pp |
| VAT | 10% | 7% | BH +3 pp |
| Capital Gains Tax | 0% | 10% | PA +10 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Bahrain | 0% | Source: PWC Worldwide Tax Summaries — Bahrain (Individual, Taxes on personal income) · as of 2026-01-11 |
| Panama | 25% | Source: PWC Worldwide Tax Summaries — Panama (Individual, Taxes on personal income) · as of 2026-01-18 |
| Difference | −25 pp | Panama higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Bahrain | 0% | 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 | −25 pp | Panama higher |
Panama's corporate tax rate is 25pp higher than Bahrain's (25% vs 0%). The 201-country average is 22.6%: Bahrain sits below it, Panama sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Bahrain | 10% | Source: PWC Worldwide Tax Summaries — Bahrain (Corporate, Other taxes) · as of 2026-01-11 |
| Panama | 7% | Source: PWC Worldwide Tax Summaries — Panama (Corporate, Other taxes) · as of 2026-01-18 |
| Difference | +3 pp | Bahrain higher |
Bahrain's VAT rate is 3pp higher than Panama's (10% vs 7%). The 181-country average is 15%: both sit below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Bahrain | 0% | Source: PWC Worldwide Tax Summaries — Bahrain (Individual, Income determination) · as of 2026-01-11 |
| Panama | 10% | Source: PWC Worldwide Tax Summaries — Panama (Individual, Other taxes) · as of 2026-01-18 |
| Difference | −10 pp | Panama higher |
Panama's capital gains tax rate is 10pp higher than Bahrain's (10% vs 0%). The 175-country average is 10.3%: both sit below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Bahrain | 0% | Source: PWC Worldwide Tax Summaries — Bahrain (Net wealth/worth tax rates) · as of 2026-01-11 |
| Panama | 0% | Source: PWC Worldwide Tax Summaries — Panama (Individual, Other taxes) · as of 2026-01-18 |
| Difference | 0 pp | displayed rates match |
Bahrain's wealth tax rate is identical to Panama's — both sit at 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.