GD · AmericasPA · Americas
Grenada vs Panama: tax rates compared
Between the two, Grenada's income tax rate (30%) tops Panama's (25%) by 5pp. The 200-country average is 28%: Grenada sits above it, Panama sits below it.
Verified data covers four of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | GD | PA | Difference |
|---|---|---|---|
| Income Tax | 30% | 25% | GD +5 pp |
| Corporate Tax | 28% | 25% | GD +3 pp |
| VAT | 15% | 7% | GD +8 pp |
| Capital Gains Tax | 0% | 10% | PA +10 pplargest gap |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 30% | Source: Grenada Ministry of Finance — All you need to know about Personal Income Tax · as of 2026-07-20 |
| Panama | 25% | Source: PWC Worldwide Tax Summaries — Panama (Individual, Taxes on personal income) · as of 2026-01-18 |
| Difference | +5 pp | Grenada higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 28% | 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 | +3 pp | Grenada higher |
Between the two, Grenada's corporate tax rate (28%) tops Panama's (25%) by 3pp. The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Grenada | 15% | Source: Grenada Ministry of Finance — VAT and the Consumer · as of 2010-02-01 |
| Panama | 7% | Source: PWC Worldwide Tax Summaries — Panama (Corporate, Other taxes) · as of 2026-01-18 |
| Difference | +8 pp | Grenada higher |
Between the two, Grenada's VAT rate (15%) tops Panama's (7%) by 8pp. The 181-country average is 15%: Grenada matches the world average, Panama sits below it. Grenada's figure is dated 2010-02-01 and Panama's 2026-01-18, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 0% | Source: Grenada Inland Revenue Division — Income Tax · as of 2026-07-19 |
| Panama | 10% | Source: PWC Worldwide Tax Summaries — Panama (Individual, Other taxes) · as of 2026-01-18 |
| Difference | −10 pp | Panama higher |
Between the two, Panama's capital gains tax rate (10%) tops Grenada's (0%) by 10pp. The 175-country average is 10.3%: both sit below it.
Not covered for both countries yet: Crypto Tax, Wealth Tax.