Guatemala vs Panama
Corporate Tax Comparison
Time of Update: Guatemala: 4/06/2026 / Panama: 4/04/2026
Compare Guatemala and Panama corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.
Guatemala vs Panama Corporate Tax Comparison
Basic Corporate Tax Comparison
Corporate Income Tax (CIT)
Guatemala
Panama
General CIT Rate:
System on earnings: 25% on net income;
Simplified optional system: 7% on gross income
Simplified optional system: 7% on gross income
General CIT Rate:
25
CIT Return Due Date:
March 31
CIT Return Due Date:
Three months after the end of the fiscal year.
CIT Payment Due Date:
March 31
CIT Payment Due Date:
Tax payments must be made within three months after the end of the respective accounting period.
CIT Estimated Payment Due Date:
System on earnings: Quarterly instalments;
Simplified optional system: Monthly, within the first ten working days of the month.
Simplified optional system: Monthly, within the first ten working days of the month.
CIT Estimated Payment Due Date:
6 months, 9 months, and 12 months after the end of the tax year.
Withholding Tax (WHT)
Guatemala
Panama
Resident Withholding Tax (Dividend/Interest/Royalty):
5/0/0
Resident Withholding Tax (Dividend/Interest/Royalty):
5, 10 - 20/NA/NA
None-Resident Withholding Tax (Dividend/Interest/Royalty):
5/10/15
None-Resident Withholding Tax (Dividend/Interest/Royalty):
5, 10 - 20/12.5/12.5
Value-Added Tax (VAT)
Capital Gain Tax (CGT)
Guatemala
Panama
General Capital Gain Tax Rate:
10%
General Capital Gain Tax Rate:
Return on investment sees Panama Company tax summary.
Effective Tax Rate (ETR)
Guatemala
Panama
Composite Effective Average Tax Rate:
22.75%
Composite Effective Average Tax Rate:
23.33%
Composite Effective Marginal Tax Rate:
13.33%
Composite Effective Marginal Tax Rate:
18.47%
