GW · AfricaPA · Americas
Guinea-Bissau vs Panama: tax rates compared
Panama's income tax rate is 5pp higher than Guinea-Bissau's (25% vs 20%). The 200-country average is 28%: both sit below it. Guinea-Bissau's figure is dated 2021-01-31 and Panama's 2026-01-18, so the two rates come from different data vintages.
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 | GW | PA | Difference |
|---|---|---|---|
| Income Tax | 20% | 25% | PA +5 pp |
| Corporate Tax | 25% | 25% | match |
| VAT | 19% | 7% | GW +12 pplargest gap |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Guinea-Bissau | 20% | Source: Ministério das Finanças (Guiné-Bissau) — Código do Imposto Profissional, Artigo 27º (Redação atribuída pelo artigo 10º da Lei nº 1/2021), via Kontaktu legislation portal · as of 2021-01-31 |
| Panama | 25% | Source: PWC Worldwide Tax Summaries — Panama (Individual, Taxes on personal income) · as of 2026-01-18 |
| Difference | −5 pp | Panama higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Guinea-Bissau | 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 |
Guinea-Bissau'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 |
|---|---|---|
| Guinea-Bissau | 19% | Source: Ministério das Finanças (Guiné-Bissau) — Lei nº 4/2022 (Código do IVA), via Kontaktu legislation portal · as of 2022-02-25 |
| Panama | 7% | Source: PWC Worldwide Tax Summaries — Panama (Corporate, Other taxes) · as of 2026-01-18 |
| Difference | +12 pp | Guinea-Bissau higher |
Guinea-Bissau's VAT rate is 12pp higher than Panama's (19% vs 7%). The 181-country average is 15%: Guinea-Bissau sits above it, Panama sits below it. Guinea-Bissau's figure is dated 2022-02-25 and Panama's 2026-01-18, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Guinea-Bissau | 0% | Source: Direção Geral das Contribuições e Impostos (DGCI) Guiné-Bissau — official withholding-tax return instructions (Instrução de Serviço, DGCI/2021), hosted on the Ministério das Finanças domain · as of 2026-07-18 |
| Panama | 0% | Source: PWC Worldwide Tax Summaries — Panama (Individual, Other taxes) · as of 2026-01-18 |
| Difference | 0 pp | displayed rates match |
Guinea-Bissau'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: Capital Gains Tax, Crypto Tax.