PA · AmericasUA · Europe
Panama vs Ukraine: tax rates compared
Panama's income tax rate is 7pp higher than Ukraine's (25% vs 18%). The 200-country average is 28%: both sit 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 | PA | UA | Difference |
|---|---|---|---|
| Income Tax | 25% | 18% | PA +7 pp |
| Corporate Tax | 25% | 18% | PA +7 pp |
| VAT | 7% | 20% | UA +13 pplargest gap |
| Capital Gains Tax | 10% | 18% | UA +8 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 |
| Ukraine | 18% | Source: PWC Worldwide Tax Summaries — Ukraine (Individual, Taxes on personal income) · as of 2026-06-30 |
| Difference | +7 pp | Panama higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Panama | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Ukraine | 18% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +7 pp | Panama higher |
Panama's corporate tax rate is 7pp higher than Ukraine's (25% vs 18%). The 201-country average is 22.6%: Panama sits above it, Ukraine sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Panama | 7% | Source: PWC Worldwide Tax Summaries — Panama (Corporate, Other taxes) · as of 2026-01-18 |
| Ukraine | 20% | Source: PWC Worldwide Tax Summaries — Ukraine (Corporate, Other taxes) · as of 2026-06-30 |
| Difference | −13 pp | Ukraine higher |
Ukraine's VAT rate is 13pp higher than Panama's (20% vs 7%). The 181-country average is 15%: Panama sits below it, Ukraine 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 |
| Ukraine | 18% | Source: PWC Worldwide Tax Summaries — Capital gains tax (CGT) rates (quick chart, Ukraine individual row) · as of 2026-06-30 |
| Difference | −8 pp | Ukraine higher |
Ukraine's capital gains tax rate is 8pp higher than Panama's (18% vs 10%). The 175-country average is 10.3%: Panama sits below it, Ukraine sits above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Panama | 0% | Source: PWC Worldwide Tax Summaries — Panama (Individual, Other taxes) · as of 2026-01-18 |
| Ukraine | 0% | Source: PWC Worldwide Tax Summaries — Ukraine (Individual, Other taxes) · as of 2026-06-30 |
| Difference | 0 pp | displayed rates match |
Panama's wealth tax rate is identical to Ukraine's — both sit at 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.