Brazil
Panama
Brazil vs Panama
Complete comparison for your tax relocation
Taxation
| Top income tax bracket | 27.5% | 25% |
| Corporate tax | 34% | 25% |
| Capital gains | 22.5% | 10% |
| VAT | 17% | 7% |
| Tax treaty with France | Yes | No |
| Special regime | Simples Nacional (micro et petites entreprises) | Taxation territoriale |
| Wealth tax | No | No |
| Territorial taxation | No | Yes |
Simples Nacional (micro et petites entreprises)
Duration: Illimitée tant que le CA reste dans les limites
Le Simples Nacional est un régime simplifié pour les micro et petites entreprises avec un CA annuel jusqu'à 4,8 millions BRL (environ 880 000 EUR). Les taux varient de 4 % à 33 % selon le CA et le secteur d'activité, mais incluent tous les impots et cotisations en un seul paiement.
Taxation territoriale
Duration: Illimitée (systeme fiscal national permanent)
Le Panama applique un systeme de taxation purement territoriale : seuls les revenus de source panaméenne sont imposés. Les revenus générés à l'étranger sont totalement exonérés, y compris les dividendes, intérets et plus-values d'origine étrangere.
Cost of living
| Monthly cost (single) | 700 € | 900 € |
| Monthly cost (couple) | 1 100 € | 1 400 € |
| City center rent | 500 € | 700 € |
| Outside city rent | 300 € | 400 € |
| Private health insurance | 45 € | 70 € |
| Public healthcare | Accessible | Accessible |
Estimated total monthly budget (single, with city center rent)
Brazil is approximately 400 € cheaper per month in total.
Quality of life
| Average temperature | 25°C | 27°C |
| Safety | 5/10 | 6/10 |
| Health index | 60/100 | 62/100 |
| Internet | 55 Mbps | 60 Mbps |
| Timezone vs Paris | -4h | -6h |
| French-speaking community | Very small | Very small |
| Languages | Portugais | Espagnol, Anglais |
| Currency | Real (BRL) | Balboa / Dollar US (PAB/USD) |
| Corruption index | 36/100 | 36/100 |
| Democracy index | 6.68/10 | 7.05/10 |
Settling in
| Residence permit delay | 4 months | 2 months |
| Company creation | 20 days | 6 days |
| Bank account | Difficult | Easy |
| Political stability | 4.5/10 | 6/10 |
| Ease of business | 124th worldwide | 86th worldwide |
Summary
Brazil
- Top IT: 27.5% | Corp. tax: 34%
- Cost of living: 700 €/mo
- Safety: 5/10 | Health: 60/100
- Regime: Simples Nacional (micro et petites entreprises) (Illimitée tant que le CA reste dans les limites)
Panama
- Top IT: 25% | Corp. tax: 25%
- Cost of living: 900 €/mo
- Safety: 6/10 | Health: 62/100
- Regime: Taxation territoriale (Illimitée (systeme fiscal national permanent))
Comparative analysis: Brazil vs Panama
Which country has lower taxes?
In terms of taxation, Panama is generally more advantageous. The top marginal income tax rate is 25% compared to 27.5% in Brésil. Corporate tax stands at 25% versus 34%. Capital gains are taxed at 10% in Panama versus 22.5% in Brazil.
Which country is cheaper to live in?
The cost of living is lower in Brésil. A single person spends about 700 EUR/month excluding rent, compared to 900 EUR/month in Panama. City center rent averages 500 EUR versus 700 EUR.
Which country is safer?
Panama scores higher on safety (6/10 versus 5/10). In terms of healthcare, Panama leads with an index of 62/100 compared to 60/100 for Brésil.
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Disclaimer
The tax information presented is based on estimates from public sources (PwC, OECD, government sources). It does not constitute tax or legal advice. Tax rules change regularly and your personal situation may significantly affect the calculation. Consult a qualified professional before making any relocation decision.