Country vs country
Panama vs
Hungary
Side by side for a genuine tax resident, with €150,000 a year in dividends or foreign income.
| Panama | Hungary | |
|---|---|---|
| Personal income | 0% abroad | 15% |
| Company tax | 0% abroad | 9% |
| Minimum days | 183 | 183 |
| Cost of residency | Medium | Cheap |
| Tax on €150,000 a year | €0 | €22,500 |
| Monthly cost for one person, rent included | €2,050 | €1,525 |
| In the EU | No | Yes |
| Spanish blacklist | No | No |
| Crypto gains | Territorial: gains from foreign platforms or foreign assets are foreign-source and not taxed. | Flat 15% on net annual crypto gains, with no social contribution tax. |
| Pension | Territorial system: pensions paid from abroad are foreign-source and not taxed. | Pensions are tax-free in Hungary, including foreign pensions, subject to the applicable tax treaty. |
Who wins
- Less tax: Panama
- Cheaper to live in: Hungary
- Fewer days required: Tie
- Easier to settle in: Tie
It depends on your case: your nationality, the country you leave and how you earn your money change the answer.