NA · AfricaPA · Americas
Namibia vs Panama: tax rates compared
Between the two, Namibia's income tax rate (37%) tops Panama's (25%) by 12pp. The 200-country average is 28%: Namibia sits above it, Panama sits below it. Namibia's figure is dated 2025-03-01 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 | NA | PA | Difference |
|---|---|---|---|
| Income Tax | 37% | 25% | NA +12 pplargest gap |
| Corporate Tax | 30% | 25% | NA +5 pp |
| VAT | 15% | 7% | NA +8 pp |
| Capital Gains Tax | 0% | 10% | PA +10 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Namibia | 37% | Source: PWC Worldwide Tax Summaries — Namibia, Republic of (Individual, Taxes on personal income) · as of 2025-03-01 |
| Panama | 25% | Source: PWC Worldwide Tax Summaries — Panama (Individual, Taxes on personal income) · as of 2026-01-18 |
| Difference | +12 pp | Namibia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Namibia | 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 | Namibia higher |
Between the two, Namibia's corporate tax rate (30%) tops Panama's (25%) by 5pp. The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Namibia | 15% | Source: PWC Worldwide Tax Summaries — Namibia, Republic of (Corporate, Other taxes) · as of 2026-07-16 |
| Panama | 7% | Source: PWC Worldwide Tax Summaries — Panama (Corporate, Other taxes) · as of 2026-01-18 |
| Difference | +8 pp | Namibia higher |
Between the two, Namibia's VAT rate (15%) tops Panama's (7%) by 8pp. The 181-country average is 15%: Namibia matches the world average, Panama sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Namibia | 0% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Namibia · as of 2025-10-01 |
| Panama | 10% | Source: PWC Worldwide Tax Summaries — Panama (Individual, Other taxes) · as of 2026-01-18 |
| Difference | −10 pp | Panama higher |
Between the two, Panama's capital gains tax rate (10%) tops Namibia's (0%) by 10pp. The 175-country average is 10.3%: both sit below it. Namibia's figure is dated 2025-10-01 and Panama's 2026-01-18, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Namibia | 0% | Source: PWC Worldwide Tax Summaries — Namibia, Republic of (Individual, Other taxes) · as of 2026-07-16 |
| Panama | 0% | Source: PWC Worldwide Tax Summaries — Panama (Individual, Other taxes) · as of 2026-01-18 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Namibia and Panama both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.