What are the general Corporate Income Tax (CIT) rates in Panama and Romania?

For Panama: 25. For Romania: 16.

When are the Corporate Income Tax (CIT) payments due in Panama and Romania?

For Panama: Tax payments must be made within three months after the end of the respective accounting period.. For Romania: The final payment of CIT is usually due on the 25th of the third month after the end of the company's fiscal year..

When are the Corporate Income Tax (CIT) estimated payments due in Panama and Romania?

For Panama: 6 months, 9 months, and 12 months after the end of the tax year.. For Romania: Quarterly installments should be paid by the 25th of the first month after the first, second, and third quarters..

What are the resident Withholding Tax (WHT) rates in Panama and Romania?

For Panama: 5, 10 - 20/NA/NA. For Romania: 16/NA/NA.

What are the non-resident Withholding Tax (WHT) rates in Panama and Romania?

For Panama: 5, 10 - 20/12.5/12.5. For Romania: 16/16/16.

What are the general VAT rates in Panama and Romania?

For Panama: 7. For Romania: 21.

What are the Capital Gain Tax (CGT) rates in Panama and Romania?

For Panama: Return on investment sees Panama Company tax summary.. For Romania: Capital gains are constrained by the normal corporate income tax rate..

What are the Composite Effective Average Tax Rates in Panama and Romania?

For Panama: 23.33%. For Romania: 14.41%.

What are the Composite Effective Marginal Tax Rates in Panama and Romania?

For Panama: 18.47%. For Romania: 6.41%.

Corporate Tax Comparison

Panama vs Romania

Q: When are the Corporate Income Tax (CIT) returns due in Panama and Romania?

For Panama: Three months after the end of the fiscal year.. For Romania: If the accounting year is equal to the calendar year, the annual CIT declaration form should be due by March 25 of the following year; for cases where the accounting year is different from the calendar year, the annual CIT declaration form should be due on the 25th day of the third month after the end of the company's accounting year. Quarterly CIT declaration forms should be submitted by the 25th day of the next month for the first, second, and third quarters..

Compare Panama and Romania corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.

Time of Update — Panama: 4/04/2026 · Romania: 6/12/2026

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Panama

Romania

Basic Corporate Tax Comparison

PwC World Tax Summary OECD Statistics

Time of Update — Panama: 4/04/2026 · Romania: 6/12/2026

Corporate Income Tax (CIT)

Panama

Romania

General CIT Rate:

CIT Return Due Date:

Three months after the end of the fiscal year.

CIT Return Due Date:

If the accounting year is equal to the calendar year, the annual CIT declaration form should be due by March 25 of the following year; for cases where the accounting year is different from the calendar year, the annual CIT declaration form should be due on the 25th day of the third month after the end of the company's accounting year. Quarterly CIT declaration forms should be submitted by the 25th day of the next month for the first, second, and third quarters.

CIT Payment Due Date:

Tax payments must be made within three months after the end of the respective accounting period.

CIT Payment Due Date:

The final payment of CIT is usually due on the 25th of the third month after the end of the company's fiscal year.

CIT Estimated Payment Due Date:

6 months, 9 months, and 12 months after the end of the tax year.

CIT Estimated Payment Due Date:

Quarterly installments should be paid by the 25th of the first month after the first, second, and third quarters.

Withholding Tax (WHT)

Panama

Romania

Resident Withholding Tax (Dividend/Interest/Royalty):

5, 10 - 20/NA/NA

Resident Withholding Tax (Dividend/Interest/Royalty):

16/NA/NA

None-Resident Withholding Tax (Dividend/Interest/Royalty):

5, 10 - 20/12.5/12.5

None-Resident Withholding Tax (Dividend/Interest/Royalty):

16/16/16

Value-Added Tax (VAT)

Panama

Romania

General VAT Rate:

Learn More

Value-Added Tax (VAT)

General VAT Rate:

Learn More

Value-Added Tax (VAT)

Capital Gain Tax (CGT)

Panama

Romania

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

Romania

Composite Effective Average Tax Rate:

23.33%

Composite Effective Average Tax Rate:

14.41%

Composite Effective Marginal Tax Rate:

18.47%

Composite Effective Marginal Tax Rate:

6.41%

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Panama vs Romania

Corporate Income Tax (CIT)

Withholding Tax (WHT)

Value-Added Tax (VAT)

Capital Gain Tax (CGT)

Effective Tax Rate (ETR)

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