Italy
Panama
Italy vs Panama
Complete comparison for your tax relocation
Taxation
| Top income tax bracket | 43% | 25% |
| Corporate tax | 24% | 25% |
| Capital gains | 26% | 10% |
| VAT | 22% | 7% |
| Tax treaty with France | Yes | No |
| Special regime | Régime Impatriati (70 % d'exonération) | Taxation territoriale |
| Wealth tax | No | No |
| Territorial taxation | No | Yes |
Régime Impatriati (70 % d'exonération)
Duration: 5 ans (prolongeable de 5 ans sous conditions)
Les travailleurs qui transferent leur résidence fiscale en Italie peuvent bénéficier d'une exonération de 70 % de leur revenu imposable (50 % depuis 2024 pour les nouveaux bénéficiaires). Seuls 30 à 50 % des revenus sont effectivement imposés, ce qui réduit considérablement la charge fiscale.
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) | 1 200 € | 900 € |
| Monthly cost (couple) | 1 900 € | 1 400 € |
| City center rent | 900 € | 700 € |
| Outside city rent | 550 € | 400 € |
| Private health insurance | 0 € | 70 € |
| Public healthcare | Accessible | Accessible |
Estimated total monthly budget (single, with city center rent)
Panama is approximately 500 € cheaper per month in total.
Quality of life
| Average temperature | 15°C | 27°C |
| Safety | 5/10 | 6/10 |
| Health index | 65/100 | 62/100 |
| Internet | 80 Mbps | 60 Mbps |
| Timezone vs Paris | +0h | -6h |
| French-speaking community | Small | Very small |
| Languages | Italien | Espagnol, Anglais |
| Currency | Euro (EUR) | Balboa / Dollar US (PAB/USD) |
| Corruption index | 56/100 | 36/100 |
| Democracy index | 7.69/10 | 7.05/10 |
Settling in
| Residence permit delay | 6 months | 2 months |
| Company creation | 11 days | 6 days |
| Bank account | Moderate | Easy |
| Political stability | 7/10 | 6/10 |
| Ease of business | 58th worldwide | 86th worldwide |
Summary
Italy
- Top IT: 43% | Corp. tax: 24%
- Cost of living: 1 200 €/mo
- Safety: 5/10 | Health: 65/100
- Regime: Régime Impatriati (70 % d'exonération) (5 ans (prolongeable de 5 ans sous conditions))
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: Italy 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 43% in Italie. Corporate tax stands at 25% versus 24%. Capital gains are taxed at 10% in Panama versus 26% in Italy.
Which country is cheaper to live in?
The cost of living is lower in Panama. A single person spends about 900 EUR/month excluding rent, compared to 1 200 EUR/month in Italie. City center rent averages 700 EUR versus 900 EUR.
Which country is safer?
Panama scores higher on safety (6/10 versus 5/10). In terms of healthcare, Italie leads with an index of 65/100 compared to 62/100 for Panama.
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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.