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Saudi Arabia vs Panama Tax Comparison
Side-by-side comparison of tax rates and systems
Tax Rate Comparison
Rate Comparison
Top Income Tax
Saudi Arabia0%Lower
Panama25%
Corporate Tax
Saudi Arabia20%Lower
Panama25%
Capital Gains
Saudi Arabia20%
Panama10%Lower
VAT / Sales Tax
Saudi Arabia15%
Panama7%Lower
| Category | Saudi Arabia | Panama |
|---|---|---|
| Tax System | Territorial (No personal income tax) | Territorial |
| Top Income Tax | 0% | 25% |
| Corporate Tax | 20% | 25% |
| Capital Gains | 20% | 10% |
| VAT / Sales Tax | 15% | 7% |
| Crypto Tax | No | No |
| Wealth Tax | Yes | No |
| Tax Treaties | 40 | 18 |
| Currency | SAR | PAB |
The bottom line: Saudi Arabia vs Panama
Saudi Arabia and Panama are evenly matched on the four headline taxes, each coming out lower on two of them — so the better choice depends on your specific income mix. Saudi Arabia runs a territorial (no personal income tax) tax system, while Panama uses a territorial one. Saudi Arabia has the wider tax-treaty network (40 agreements), which can reduce withholding tax on cross-border income.
- Income tax: Saudi Arabia is lower (0% vs 25%)
- Corporate tax: Saudi Arabia is lower (20% vs 25%)
- Capital gains tax: Panama is lower (20% vs 10%)
- VAT / sales tax: Panama is lower (15% vs 7%)