Panama vs Singapore
Corporate Tax Comparison
Time of Update: Panama: 4/04/2026 / Singapore: 4/04/2026
Compare Panama and Singapore corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.
Panama vs Singapore Corporate Tax Comparison
Basic Corporate Tax Comparison
Corporate Income Tax (CIT)
Panama
Singapore
General CIT Rate:
25
General CIT Rate:
17
CIT Return Due Date:
Three months after the end of the fiscal year.
CIT Return Due Date:
November 30
CIT Payment Due Date:
Tax payments must be made within three months after the end of the respective accounting period.
CIT Payment Due Date:
Tax assessment notice shall be delivered within one month.
CIT Estimated Payment Due Date:
6 months, 9 months, and 12 months after the end of the tax year.
CIT Estimated Payment Due Date:
The estimated income tax assessment must be submitted within three months after the end of the company's fiscal year. The estimated tax should be paid within one month after receiving the assessment notice, or paid in installments according to the installment payment plan.
Withholding Tax (WHT)
Panama
Singapore
Resident Withholding Tax (Dividend/Interest/Royalty):
5, 10 - 20/NA/NA
Resident Withholding Tax (Dividend/Interest/Royalty):
NA
None-Resident Withholding Tax (Dividend/Interest/Royalty):
5, 10 - 20/12.5/12.5
None-Resident Withholding Tax (Dividend/Interest/Royalty):
0/15/10
Value-Added Tax (VAT)
Capital Gain Tax (CGT)
Panama
Singapore
General Capital Gain Tax Rate:
Return on investment sees Panama Company tax summary.
General Capital Gain Tax Rate:
N/A
Effective Tax Rate (ETR)
Panama
Singapore
Composite Effective Average Tax Rate:
23.33%
Composite Effective Average Tax Rate:
16.09%
Composite Effective Marginal Tax Rate:
18.47%
Composite Effective Marginal Tax Rate:
13.15%
