Corporate Tax Comparison

Panama vs Seychelles

Compare Panama and Seychelles corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.

Time of Update — Panama: 4/04/2026 · Seychelles: 4/06/2026

Base Country/Region

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Compare Corporate Tax

Panama

Seychelles

Basic Corporate Tax Comparison

PwC World Tax Summary OECD Statistics

Time of Update — Panama: 4/04/2026 · Seychelles: 4/06/2026

Corporate Income Tax (CIT)

Panama

Seychelles

General CIT Rate:

Standard business tax: 15% on the first SCR 1 million, 25% above. Telecom, banking, insurance, alcohol & tobacco manufacturers: 25% on the first SCR 1 million, 33% above. Small business presumptive tax: 1.5% on turnover (non-VAT registered, under SCR 1M turnover).

CIT Return Due Date:

Three months after the end of the fiscal year.

CIT Return Due Date:

The due date for corporate income tax returns is typically six months after the end of the 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:

Corporate income tax payments are generally due six months after the end of the financial year, in line with the return filing deadline.

CIT Estimated Payment Due Date:

6 months, 9 months, and 12 months after the end of the tax year.

CIT Estimated Payment Due Date:

Businesses are required to make quarterly estimated tax payments to manage their tax liabilities effectively.

Withholding Tax (WHT)

Panama

Seychelles

Resident Withholding Tax (Dividend/Interest/Royalty):

5, 10 - 20/NA/NA

Resident Withholding Tax (Dividend/Interest/Royalty):

0/NA/NA

Non-Resident Withholding Tax (Dividend/Interest/Royalty):

5, 10 - 20/12.5/12.5

Non-Resident Withholding Tax (Dividend/Interest/Royalty):

15/15/15

Value-Added Tax (VAT)

Panama

Seychelles

General VAT Rate:

Learn More

Value-Added Tax (VAT)

General VAT Rate:

15%

Learn More

Value-Added Tax (VAT)

Capital Gain Tax (CGT)

Panama

Seychelles

General Capital Gain Tax Rate:

Return on investment sees Panama Company tax summary.

General Capital Gain Tax Rate:

Capital gains are not subject to tax in Seychelles.

Effective Tax Rate (ETR)

Panama

Seychelles

Composite Effective Average Tax Rate:

23.33%

Composite Effective Average Tax Rate:

23.20%

Composite Effective Marginal Tax Rate:

18.47%

Composite Effective Marginal Tax Rate:

17.33%

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