Freedom Score
Panama to Russia: tax & freedom compared
How does Russia score against Panama? The Freedom Score weighs six dimensions, built on primary government sources.
Net per month€1,186
Per year vs. Panama-€2,506
13% income tax · No wealth or inheritance tax · Note: sanctions and no NL tax treaty
Tax
68/100
Residency
78/100
Cost of living
87/100
Living environment
50/100
Mobility
72/100
Ownership
55/100
Compared by dimension
On an average Panama income of €18,000 gross per year, you keep €14,227 net in Russia: a difference of €2,506 per year compared with Panama.
- Tax: on this income Russia lands at an effective rate of about 21%, against 7% in Panama.
- Passport and mobility: from Russia you travel visa-free to 113 countries.
- Residency: on our accessibility scale Russia scores 78 out of 100 for obtaining residency.
- Living environment: banking, internet, safety and healthcare together give Russia a living-environment score of 50 out of 100.
Frequently asked questions
- What is the financial difference between Panama and Russia?
- On an average Panama income it differs by roughly €2,506 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.
Order report · €29
Figures from primary government sources. Information, not advice.
Sources
OECD Tax Database · IATA Timatic · Henley Visa Index · Eurostat