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Nicaragua vs Panama: tax rates compared
Nicaragua has an income tax rate of 30%, 5pp above Panama's 25%. The 200-country average is 28%: Nicaragua sits above it, Panama sits below it.
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 | NI | PA | Difference |
|---|---|---|---|
| Income Tax | 30% | 25% | NI +5 pp |
| Corporate Tax | 30% | 25% | NI +5 pp |
| VAT | 15% | 7% | NI +8 pplargest gap |
| Capital Gains Tax | 15% | 10% | NI +5 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Nicaragua | 30% | Source: PWC Worldwide Tax Summaries — Nicaragua (Individual, Taxes on personal income) · as of 2026-01-12 |
| Panama | 25% | Source: PWC Worldwide Tax Summaries — Panama (Individual, Taxes on personal income) · as of 2026-01-18 |
| Difference | +5 pp | Nicaragua higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Nicaragua | 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 | Nicaragua higher |
Nicaragua has a corporate tax rate of 30%, 5pp above Panama's 25%. The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Nicaragua | 15% | Source: PWC Worldwide Tax Summaries — Nicaragua (Corporate, Other taxes) · as of 2026-01-12 |
| Panama | 7% | Source: PWC Worldwide Tax Summaries — Panama (Corporate, Other taxes) · as of 2026-01-18 |
| Difference | +8 pp | Nicaragua higher |
Nicaragua has a VAT rate of 15%, 8pp above Panama's 7%. The 181-country average is 15%: Nicaragua matches the world average, Panama sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Nicaragua | 15% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Nicaragua · as of 2025-10-01 |
| Panama | 10% | Source: PWC Worldwide Tax Summaries — Panama (Individual, Other taxes) · as of 2026-01-18 |
| Difference | +5 pp | Nicaragua higher |
Nicaragua has a capital gains tax rate of 15%, 5pp above Panama's 10%. The 175-country average is 10.3%: Nicaragua sits above it, Panama sits below it. Nicaragua'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 |
|---|---|---|
| Nicaragua | 0% | Source: PWC Worldwide Tax Summaries — Nicaragua (Individual, Other taxes) · as of 2026-01-12 |
| Panama | 0% | Source: PWC Worldwide Tax Summaries — Panama (Individual, Other taxes) · as of 2026-01-18 |
| Difference | 0 pp | displayed rates match |
Nicaragua 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.