PA · AmericasPE · Americas
Panama vs Peru: tax rates compared
Peru has an income tax rate of 30%, 5pp above Panama's 25%. The 200-country average is 28%: Panama sits below it, Peru sits above 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 | PA | PE | Difference |
|---|---|---|---|
| Income Tax | 25% | 30% | PE +5 pp |
| Corporate Tax | 25% | 29.5% | PE +4.5 pp |
| VAT | 7% | 18% | PE +11 pplargest gap |
| Capital Gains Tax | 10% | 5% | PA +5 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Panama | 25% | Source: PWC Worldwide Tax Summaries — Panama (Individual, Taxes on personal income) · as of 2026-01-18 |
| Peru | 30% | Source: PWC Worldwide Tax Summaries — Peru (Individual, Taxes on personal income) · as of 2026-07-13 |
| Difference | −5 pp | Peru higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Panama | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Peru | 29.5% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −4.5 pp | Peru higher |
Peru has a corporate tax rate of 29.5%, 4.5pp above Panama's 25%. The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Panama | 7% | Source: PWC Worldwide Tax Summaries — Panama (Corporate, Other taxes) · as of 2026-01-18 |
| Peru | 18% | Source: PWC Worldwide Tax Summaries — Peru (Corporate, Other taxes) · as of 2026-07-13 |
| Difference | −11 pp | Peru higher |
Peru has a VAT rate of 18%, 11pp above Panama's 7%. The 181-country average is 15%: Panama sits below it, Peru sits above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Panama | 10% | Source: PWC Worldwide Tax Summaries — Panama (Individual, Other taxes) · as of 2026-01-18 |
| Peru | 5% | Source: PWC Worldwide Tax Summaries — Peru (Individual, Income determination) · as of 2026-07-13 |
| Difference | +5 pp | Panama higher |
Panama has a capital gains tax rate of 10%, 5pp above Peru's 5%. The 175-country average is 10.3%: both sit below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Panama | 0% | Source: PWC Worldwide Tax Summaries — Panama (Individual, Other taxes) · as of 2026-01-18 |
| Peru | 0% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Peru · as of 2025-10-01 |
| Difference | 0 pp | displayed rates match |
Panama and Peru share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it. Panama's figure is dated 2026-01-18 and Peru's 2025-10-01, so the two rates come from different data vintages.
Not covered for both countries yet: Crypto Tax.