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Hungary vs Panama: tax rates compared
Panama has an income tax rate of 25%, 10pp above Hungary's 15%. The 200-country average is 28%: both sit below it. Hungary'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 | HU | PA | Difference |
|---|---|---|---|
| Income Tax | 15% | 25% | PA +10 pp |
| Corporate Tax | 9% | 25% | PA +16 pp |
| VAT | 27% | 7% | HU +20 pplargest gap |
| Capital Gains Tax | 15% | 10% | HU +5 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Hungary | 15% | 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 | −10 pp | Panama higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Hungary | 9% | 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 | −16 pp | Panama higher |
Panama has a corporate tax rate of 25%, 16pp above Hungary's 9%. The 201-country average is 22.6%: Hungary sits below it, Panama sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Hungary | 27% | Source: PWC Worldwide Tax Summaries — Hungary (Corporate, Other taxes) · as of 2025-12-31 |
| Panama | 7% | Source: PWC Worldwide Tax Summaries — Panama (Corporate, Other taxes) · as of 2026-01-18 |
| Difference | +20 pp | Hungary higher |
Hungary has a VAT rate of 27%, 20pp above Panama's 7%. The 181-country average is 15%: Hungary sits above it, Panama sits below it. Hungary's figure is dated 2025-12-31 and Panama's 2026-01-18, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Hungary | 15% | Source: PWC Worldwide Tax Summaries — Hungary (Individual, Income determination) · as of 2025-12-31 |
| Panama | 10% | Source: PWC Worldwide Tax Summaries — Panama (Individual, Other taxes) · as of 2026-01-18 |
| Difference | +5 pp | Hungary higher |
Hungary has a capital gains tax rate of 15%, 5pp above Panama's 10%. The 175-country average is 10.3%: Hungary sits above it, Panama sits below it. Hungary's figure is dated 2025-12-31 and Panama's 2026-01-18, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Hungary | 0% | Source: PWC Worldwide Tax Summaries — Hungary (Individual, Other taxes) · as of 2025-12-31 |
| Panama | 0% | Source: PWC Worldwide Tax Summaries — Panama (Individual, Other taxes) · as of 2026-01-18 |
| Difference | 0 pp | displayed rates match |
Hungary and Panama share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it. Hungary's figure is dated 2025-12-31 and Panama's 2026-01-18, so the two rates come from different data vintages.
Not covered for both countries yet: Crypto Tax.