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Finland vs Panama: tax rates compared
Finland's income tax rate is 26.8pp higher than Panama's (51.8% vs 25%). The 200-country average is 28%: Finland sits above it, Panama sits below it. Finland's figure is dated 2025-01-01 and Panama's 2026-01-18, so the two rates come from different data vintages.
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 | FI | PA | Difference |
|---|---|---|---|
| Income Tax | 51.8% | 25% | FI +26.8 pplargest gap |
| Corporate Tax | 20% | 25% | PA +5 pp |
| VAT | 25.5% | 7% | FI +18.5 pp |
| Capital Gains Tax | 34% | 10% | FI +24 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Finland | 51.8% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Panama | 25% | Source: PWC Worldwide Tax Summaries — Panama (Individual, Taxes on personal income) · as of 2026-01-18 |
| Difference | +26.8 pp | Finland higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Finland | 20% | 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 | −5 pp | Panama higher |
Panama's corporate tax rate is 5pp higher than Finland's (25% vs 20%). The 201-country average is 22.6%: Finland sits below it, Panama sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Finland | 25.5% | Source: Finnish Tax Administration (Vero) — Rates of VAT · as of 2026-01-01 |
| Panama | 7% | Source: PWC Worldwide Tax Summaries — Panama (Corporate, Other taxes) · as of 2026-01-18 |
| Difference | +18.5 pp | Finland higher |
Finland's VAT rate is 18.5pp higher than Panama's (25.5% vs 7%). The 181-country average is 15%: Finland sits above it, Panama sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Finland | 34% | Source: PwC Worldwide Tax Summaries — Finland, Individual - Income determination · as of 2026-06-24 |
| Panama | 10% | Source: PWC Worldwide Tax Summaries — Panama (Individual, Other taxes) · as of 2026-01-18 |
| Difference | +24 pp | Finland higher |
Finland's capital gains tax rate is 24pp higher than Panama's (34% vs 10%). The 175-country average is 10.3%: Finland sits above it, Panama sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Finland | 0% | Source: PWC Worldwide Tax Summaries — Finland (Individual, Other taxes) · as of 2026-06-24 |
| Panama | 0% | Source: PWC Worldwide Tax Summaries — Panama (Individual, Other taxes) · as of 2026-01-18 |
| Difference | 0 pp | displayed rates match |
Finland'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.