Panama vs Denmark
Corporate Tax Comparison
Time of Update: Panama: 4/04/2026 / Denmark: 4/05/2026
Compare Panama and Denmark corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.
Panama vs Denmark Corporate Tax Comparison
Basic Corporate Tax Comparison
Corporate Income Tax (CIT)
Panama
Denmark
General CIT Rate:
25
General CIT Rate:
22
CIT Return Due Date:
Three months after the end of the fiscal year.
CIT Return Due Date:
In general, six months after the end of the fiscal year.
CIT Payment Due Date:
Tax payments must be made within three months after the end of the respective accounting period.
CIT Payment Due Date:
Income for the next fiscal year was received on November 20th.
CIT Estimated Payment Due Date:
6 months, 9 months, and 12 months after the end of the tax year.
CIT Estimated Payment Due Date:
Two equal installments were made on March 20 and November 20. Additionally, extra taxes can be paid before February 1 of the following year of the income year.
Withholding Tax (WHT)
Panama
Denmark
Resident Withholding Tax (Dividend/Interest/Royalty):
5, 10 - 20/NA/NA
Resident Withholding Tax (Dividend/Interest/Royalty):
0/27/22
None-Resident Withholding Tax (Dividend/Interest/Royalty):
5, 10 - 20/12.5/12.5
None-Resident Withholding Tax (Dividend/Interest/Royalty):
27/27/22
Value-Added Tax (VAT)
Capital Gain Tax (CGT)
Panama
Denmark
General Capital Gain Tax Rate:
Return on investment sees Panama Company tax summary.
General Capital Gain Tax Rate:
Capital gains are constrained by the normal corporate income tax rate.
Effective Tax Rate (ETR)
Panama
Denmark
Composite Effective Average Tax Rate:
23.33%
Composite Effective Average Tax Rate:
20.36%
Composite Effective Marginal Tax Rate:
18.47%
Composite Effective Marginal Tax Rate:
14.22%
