Panama vs Vietnam
Corporate Tax Comparison
Time of Update: Panama: 4/04/2026 / Vietnam: 4/05/2026
Compare Panama and Vietnam corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.
Panama vs Vietnam Corporate Tax Comparison
Basic Corporate Tax Comparison
Corporate Income Tax (CIT)
Panama
Vietnam
General CIT Rate:
25
General CIT Rate:
20
CIT Return Due Date:
Three months after the end of the fiscal year.
CIT Return Due Date:
For CIT finalisation, the due date is the last day of the 3rd month of the following financial year.
CIT Payment Due Date:
Tax payments must be made within three months after the end of the respective accounting period.
CIT Payment Due Date:
The same as the deadline for submission of the final CIT return (i.e. the last day of the 3rd month of the following financial year).
CIT Estimated Payment Due Date:
6 months, 9 months, and 12 months after the end of the tax year.
CIT Estimated Payment Due Date:
Quarterly payments must be made no later than the 30th day of the next quarter.
Withholding Tax (WHT)
Panama
Vietnam
Resident Withholding Tax (Dividend/Interest/Royalty):
5, 10 - 20/NA/NA
Resident Withholding Tax (Dividend/Interest/Royalty):
0/5/10
None-Resident Withholding Tax (Dividend/Interest/Royalty):
5, 10 - 20/12.5/12.5
None-Resident Withholding Tax (Dividend/Interest/Royalty):
0/5/10
Value-Added Tax (VAT)
Capital Gain Tax (CGT)
Panama
Vietnam
General Capital Gain Tax Rate:
Return on investment sees Panama Company tax summary.
General Capital Gain Tax Rate:
Vietnamese companies: capital gains taxed at the standard 20% CIT rate. Foreign sellers: from December 15, 2025, capital transfers generally subject to 2% CIT on sale proceeds. Securities transfers by foreign entities: 0.1% CIT on total sales proceeds.
Effective Tax Rate (ETR)
Panama
Vietnam
Composite Effective Average Tax Rate:
23.33%
Composite Effective Average Tax Rate:
N/A
Composite Effective Marginal Tax Rate:
18.47%
Composite Effective Marginal Tax Rate:
N/A
