Japan vs Panama
Corporate Tax Comparison
Time of Update: Japan: 4/03/2026 / Panama: 4/04/2026
Compare Japan and Panama corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.
Japan vs Panama Corporate Tax Comparison
Basic Corporate Tax Comparison
Corporate Income Tax (CIT)
Japan
Panama
General CIT Rate:
23.2
General CIT Rate:
25
CIT Return Due Date:
Within two months after the end of the company's fiscal year.
CIT Return Due Date:
Three months after the end of the fiscal year.
CIT Payment Due Date:
Within two months after the end of the company's fiscal year.
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:
Within two months after the end of the sixth month of the company's accounting period.
CIT Estimated Payment Due Date:
6 months, 9 months, and 12 months after the end of the tax year.
Withholding Tax (WHT)
Japan
Panama
Resident Withholding Tax (Dividend/Interest/Royalty):
20/20/0
Resident Withholding Tax (Dividend/Interest/Royalty):
5, 10 - 20/NA/NA
None-Resident Withholding Tax (Dividend/Interest/Royalty):
15/20/20
None-Resident Withholding Tax (Dividend/Interest/Royalty):
5, 10 - 20/12.5/12.5
Value-Added Tax (VAT)
Capital Gain Tax (CGT)
Japan
Panama
General Capital Gain Tax Rate:
Capital gains are subject to the normal corporate income tax rate.
General Capital Gain Tax Rate:
Return on investment sees Panama Company tax summary.
Effective Tax Rate (ETR)
Japan
Panama
Composite Effective Average Tax Rate:
28.36
Composite Effective Average Tax Rate:
23.33%
Composite Effective Marginal Tax Rate:
29.26
Composite Effective Marginal Tax Rate:
18.47%
