Freedom Score

Italy to Panama: tax & freedom compared

How does Panama score against Italy? The Freedom Score weighs five dimensions, built on primary government sources.

Net per month€2,252

Per year vs. Italy+€5,003

Territorial 0% foreign-source · USD zone

Tax

90/100

Passport & mobility

72/100

Residency

78/100

Lifestyle

58/100

Compared by dimension

On an average Italy income of €30,000 gross per year, you keep €27,028 net in Panama: a difference of €5,003 per year compared with Italy.

Tax: on this income Panama lands at an effective rate of about 10%, against 27% in Italy.
Passport and mobility: from Panama you travel visa-free to 140 countries.
Residency: on our accessibility scale Panama scores 78 out of 100 for obtaining residency.
Lifestyle: banking, internet, safety and healthcare together give Panama a lifestyle score of 58 out of 100.

How much do I save by moving from Italy to Panama?: On an average Italy income it differs by roughly €5,003 net per year. Your own figure depends on your income and situation; calculate it with the free freedom check.
Is this tax advice?: No. Libaros compares on the basis of primary government sources and provides information. For personal decisions, consult a qualified adviser.
What sources is this based on?: The Freedom Score uses the OECD Tax Database, IATA Timatic, the Henley Visa Index and Eurostat, with direct links to primary government sources.

Figures from primary government sources. Information, not advice.

OECD Tax Database · IATA Timatic · Henley Visa Index · Eurostat