Kenya vs Panama: tax rates compared

Income Tax

Income Tax, side by side

Country	Rate	Source
Kenya	35%	Source: PWC Worldwide Tax Summaries — Kenya (Individual, Taxes on personal income) · as of 2026-07-17
Panama	25%	Source: PWC Worldwide Tax Summaries — Panama (Individual, Taxes on personal income) · as of 2026-01-18
Difference	+10 pp	Kenya higher

Corporate Tax

Corporate Tax, side by side

Country	Rate	Source
Kenya	30%	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	Kenya higher

Kenya's corporate tax rate is 5pp higher than Panama's (30% vs 25%). The 201-country average is 22.6%: both sit above it.

VAT

VAT, side by side

Country	Rate	Source
Kenya	16%	Source: PWC Worldwide Tax Summaries — Kenya (Corporate, Other taxes) · as of 2026-07-17
Panama	7%	Source: PWC Worldwide Tax Summaries — Panama (Corporate, Other taxes) · as of 2026-01-18
Difference	+9 pp	Kenya higher

Kenya's VAT rate is 9pp higher than Panama's (16% vs 7%). The 181-country average is 15%: Kenya sits above it, Panama sits below it.

Capital Gains Tax

Capital Gains Tax, side by side

Country	Rate	Source
Kenya	0%	Source: PWC Worldwide Tax Summaries — Kenya (Corporate, Other taxes) · as of 2026-07-17
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 Kenya's (10% vs 0%). The 175-country average is 10.3%: both sit below it.

Wealth Tax

Wealth Tax, side by side

Country	Rate	Source
Kenya	0%	Source: Kenya Revenue Authority — Types of Taxes (Individual) · 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

Kenya's wealth tax rate is identical to Panama's — both sit at 0%. The 193-country average is 0.1%: both sit below it.