Panama
Tunisia
Panama vs Tunisia
Complete comparison for your tax relocation
Taxation
| Top income tax bracket | 25% | 40% |
| Corporate tax | 25% | 15% |
| Capital gains | 10% | 15% |
| VAT | 7% | 19% |
| Tax treaty with France | No | Yes |
| Special regime | Taxation territoriale | Entreprise totalement exportatrice |
| Wealth tax | No | No |
| Territorial taxation | Yes | No |
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.
Entreprise totalement exportatrice
Duration: 10 ans d'exonération totale, puis taux réduit permanent
Les entreprises totalement exportatrices bénéficient d'avantages fiscaux importants : exonération totale d'IS les 10 premieres années, puis taux réduit de 10 %. Les salariés étrangers de ces entreprises bénéficient d'un régime forfaitaire avantageux sur leur IR.
Cost of living
| Monthly cost (single) | 900 € | 450 € |
| Monthly cost (couple) | 1 400 € | 750 € |
| City center rent | 700 € | 250 € |
| Outside city rent | 400 € | 150 € |
| Private health insurance | 70 € | 25 € |
| Public healthcare | Accessible | Accessible |
Estimated total monthly budget (single, with city center rent)
Tunisia is approximately 900 € cheaper per month in total.
Quality of life
| Average temperature | 27°C | 19°C |
| Safety | 6/10 | 6/10 |
| Health index | 62/100 | 57/100 |
| Internet | 60 Mbps | 25 Mbps |
| Timezone vs Paris | -6h | +0h |
| French-speaking community | Very small | Large |
| Languages | Espagnol, Anglais | Arabe, Français |
| Currency | Balboa / Dollar US (PAB/USD) | Dinar tunisien (TND) |
| Corruption index | 36/100 | 40/100 |
| Democracy index | 7.05/10 | 3.07/10 |
Settling in
| Residence permit delay | 2 months | 2 months |
| Company creation | 6 days | 11 days |
| Bank account | Easy | Moderate |
| Political stability | 6/10 | 4.5/10 |
| Ease of business | 86th worldwide | 78th worldwide |
Summary
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))
Tunisia
- Top IT: 40% | Corp. tax: 15%
- Cost of living: 450 €/mo
- Safety: 6/10 | Health: 57/100
- Regime: Entreprise totalement exportatrice (10 ans d'exonération totale, puis taux réduit permanent)
Comparative analysis: Panama vs Tunisia
Which country has lower taxes?
Both countries are fairly close on taxation. Income tax reaches 25% in Panama and 40% in Tunisia. Corporate tax is 25% and 15% respectively. Capital gains are taxed at 10% in Panama versus 15% in Tunisia.
Which country is cheaper to live in?
The cost of living is lower in Tunisie. A single person spends about 450 EUR/month excluding rent, compared to 900 EUR/month in Panama. City center rent averages 250 EUR versus 700 EUR.
Which country is safer?
Both countries have an identical safety score of 6/10.
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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.