SZ · AfricaPA · Americas
Eswatini vs Panama: tax rates compared
Eswatini's income tax rate is 8pp higher than Panama's (33% vs 25%). The 200-country average is 28%: Eswatini sits above it, Panama sits 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 | SZ | PA | Difference |
|---|---|---|---|
| Income Tax | 33% | 25% | SZ +8 pp |
| Corporate Tax | 25% | 25% | match |
| VAT | 15% | 7% | SZ +8 pp |
| Capital Gains Tax | 0% | 10% | PA +10 pplargest gap |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Eswatini | 33% | Source: PWC Worldwide Tax Summaries — Eswatini (Individual, Taxes on personal income) · as of 2026-03-30 |
| Panama | 25% | Source: PWC Worldwide Tax Summaries — Panama (Individual, Taxes on personal income) · as of 2026-01-18 |
| Difference | +8 pp | Eswatini higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Eswatini | 25% | 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 | 0 pp | displayed rates match |
Eswatini's corporate tax rate is identical to Panama's — both sit at 25%. The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Eswatini | 15% | Source: PWC Worldwide Tax Summaries — Eswatini (Corporate, Other taxes) · as of 2026-03-30 |
| Panama | 7% | Source: PWC Worldwide Tax Summaries — Panama (Corporate, Other taxes) · as of 2026-01-18 |
| Difference | +8 pp | Eswatini higher |
Eswatini's VAT rate is 8pp higher than Panama's (15% vs 7%). The 181-country average is 15%: Eswatini matches the world average, Panama sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Eswatini | 0% | Source: PWC Worldwide Tax Summaries — Eswatini (Individual, Income determination) · as of 2026-03-30 |
| 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 Eswatini's (10% vs 0%). The 175-country average is 10.3%: both sit below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Eswatini | 0% | Source: PWC Worldwide Tax Summaries — Eswatini (Individual, Other taxes) · as of 2026-03-30 |
| Panama | 0% | Source: PWC Worldwide Tax Summaries — Panama (Individual, Other taxes) · as of 2026-01-18 |
| Difference | 0 pp | displayed rates match |
Eswatini'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.