Tax, side by side
🇵🇦 Panama
🇵🇾 Paraguay
🇺🇾 Uruguay
Top Personal Tax Rate
25%
10%Lower
36%
Corporate Tax Rate
25%
10%Lower
25%
Capital Gains Tax
10%
10%
0-12%Lower
Dividend Tax
10%
5%Lower
12%
Foreign Income
Territorial
Territorial
Territorial
Residency Days
183 days
120 days
183 days
Wealth Tax
None
None
Yes
Inheritance Tax
None
None
None
VAT/GST
7%Lower
10%
22%
Withholding (Dividends)
10%
5%
7%
Living there, side by side
Live score (tax + life)
73/100
72/100
72/100
Main expat city
Panama City
Asunción
Montevideo
Monthly budget (one person)
~$2,600
~$1,300
~$2,500
Safety
58/100
55/100
62/100
Healthcare
72/100
58/100
74/100
English
50/100
30/100
45/100
Internet
200 Mbps
130 Mbps
230 Mbps
Newcomer regime
None
None
Tax Holiday — 10-Year Foreign-Income Exemption (2026 rules) (0%)
Live scores and quality-of-life ratings from the best places to live ranking. Editorial composite ratings; verify before relocating.
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