Malta vs Panama: tax rates compared

Income Tax

Income Tax, side by side

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

Corporate Tax

Corporate Tax, side by side

Country	Rate	Source
Malta	35%	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	+10 pp	Malta higher

Malta has a corporate tax rate of 35%, 10pp above Panama's 25%. The 201-country average is 22.6%: both sit above it.

VAT

VAT, side by side

Country	Rate	Source
Malta	18%	Source: PWC Worldwide Tax Summaries — Malta (Corporate, Other taxes) · as of 2026-02-19
Panama	7%	Source: PWC Worldwide Tax Summaries — Panama (Corporate, Other taxes) · as of 2026-01-18
Difference	+11 pp	Malta higher

Malta has a VAT rate of 18%, 11pp above Panama's 7%. The 181-country average is 15%: Malta sits above it, Panama sits below it.

Capital Gains Tax

Capital Gains Tax, side by side

Country	Rate	Source
Malta	0%	Source: PwC Worldwide Tax Summaries — Malta (Individual, Income determination) · as of 2026-02-19
Panama	10%	Source: PWC Worldwide Tax Summaries — Panama (Individual, Other taxes) · as of 2026-01-18
Difference	−10 pp	Panama higher

Panama has a capital gains tax rate of 10%, 10pp above Malta's 0%. The 175-country average is 10.3%: both sit below it.

Wealth Tax

Wealth Tax, side by side

Country	Rate	Source
Malta	0%	Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-02-19
Panama	0%	Source: PWC Worldwide Tax Summaries — Panama (Individual, Other taxes) · as of 2026-01-18
Difference	0 pp	displayed rates match

Malta and Panama share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.