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Panama vs Paraguay vs Uruguay
3-way tax comparison for 2026
🇵🇦
Panama
South America
Territorial
🇵🇾
Paraguay
South America
Territorial
🇺🇾
Uruguay
South America
TerritorialSpecial Regime
Panama scores
Personal Tax Score88
Business Tax Score78
Paraguay scores
Personal Tax Score85
Business Tax Score82
Uruguay scores
Personal Tax Score75
Business Tax Score72
| Category | Panama | Paraguay | Uruguay |
|---|---|---|---|
| Top Personal Tax Rate | 25% | 10% | 36% |
| Corporate Tax Rate | 25% | 10% | 25% |
| Capital Gains Tax | 10%% | 10% | 0-12%% |
| Foreign Income | Territorial | Territorial | Territorial |
| Residency Days | 183 | 120 | 183 |
| Wealth Tax | |||
| Inheritance Tax | |||
| VAT/GST | 7% | 10% | 22% |
| Withholding (Dividends) | 10% | 5% | 7% |
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