LT · EuropePA · Americas
Lithuania vs Panama: tax rates compared
Lithuania has an income tax rate of 32%, 7pp above Panama's 25%. The 200-country average is 28%: Lithuania sits above it, Panama sits below it. Lithuania'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 | LT | PA | Difference |
|---|---|---|---|
| Income Tax | 32% | 25% | LT +7 pp |
| Corporate Tax | 16% | 25% | PA +9 pp |
| VAT | 21% | 7% | LT +14 pplargest gap |
| Capital Gains Tax | 20% | 10% | LT +10 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Lithuania | 32% | 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 | +7 pp | Lithuania higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Lithuania | 16% | 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 | −9 pp | Panama higher |
Panama has a corporate tax rate of 25%, 9pp above Lithuania's 16%. The 201-country average is 22.6%: Lithuania sits below it, Panama sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Lithuania | 21% | Source: PWC Worldwide Tax Summaries — Lithuania (Corporate, Other taxes) · as of 2026-03-10 |
| Panama | 7% | Source: PWC Worldwide Tax Summaries — Panama (Corporate, Other taxes) · as of 2026-01-18 |
| Difference | +14 pp | Lithuania higher |
Lithuania has a VAT rate of 21%, 14pp above Panama's 7%. The 181-country average is 15%: Lithuania sits above it, Panama sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Lithuania | 20% | Source: PWC Worldwide Tax Summaries — Lithuania (Individual, Income determination) · as of 2026-03-10 |
| Panama | 10% | Source: PWC Worldwide Tax Summaries — Panama (Individual, Other taxes) · as of 2026-01-18 |
| Difference | +10 pp | Lithuania higher |
Lithuania has a capital gains tax rate of 20%, 10pp above Panama's 10%. The 175-country average is 10.3%: Lithuania sits above it, Panama sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Lithuania | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-03-10 |
| Panama | 0% | Source: PWC Worldwide Tax Summaries — Panama (Individual, Other taxes) · as of 2026-01-18 |
| Difference | 0 pp | displayed rates match |
Lithuania and Panama share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.