Corporate Tax Comparison

Panama vs British Virgin Islands

Compare Panama and British Virgin Islands 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 · British Virgin Islands: 4/04/2026

Base Country/Region

Compare Country/Region

Compare Corporate Tax

Panama

British Virgin Islands

Basic Corporate Tax Comparison

PwC World Tax Summary OECD Statistics

Time of Update — Panama: 4/04/2026 · British Virgin Islands: 4/04/2026

Corporate Income Tax (CIT)

Panama

British Virgin Islands

General CIT Rate:

The British Virgin Islands does not impose a corporate income tax on businesses. This tax-free environment is a significant reason why the BVI is an attractive destination for international businesses https://tradecouncil.org/corporate-income-tax-in-the-british-virgin-islands/

CIT Return Due Date:

Three months after the end of the fiscal year.

CIT Return Due Date:

CIT Payment Due Date:

Tax payments must be made within three months after the end of the respective accounting period.

CIT Payment Due Date:

CIT Estimated Payment Due Date:

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

CIT Estimated Payment Due Date:

Withholding Tax (WHT)

Panama

British Virgin Islands

Resident Withholding Tax (Dividend/Interest/Royalty):

5, 10 - 20/NA/NA

Resident Withholding Tax (Dividend/Interest/Royalty):

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

5, 10 - 20/12.5/12.5

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

Value-Added Tax (VAT)

Panama

British Virgin Islands

General VAT Rate:

Learn More

Value-Added Tax (VAT)

General VAT Rate:

Learn More

Value-Added Tax (VAT)

Capital Gain Tax (CGT)

Panama

British Virgin Islands

General Capital Gain Tax Rate:

Return on investment sees Panama Company tax summary.

General Capital Gain Tax Rate:

Effective Tax Rate (ETR)

Panama

British Virgin Islands

Composite Effective Average Tax Rate:

23.33%

Composite Effective Average Tax Rate:

Composite Effective Marginal Tax Rate:

18.47%

Composite Effective Marginal Tax Rate:

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