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Country vs country

Panama vs Hungary

Side by side for a genuine tax resident, with €150,000 a year in dividends or foreign income.

PanamaHungary
Personal income0% abroad15%
Company tax0% abroad9%
Minimum days183183
Cost of residencyMediumCheap
Tax on €150,000 a year€0€22,500
Monthly cost for one person, rent included€2,050€1,525
In the EUNoYes
Spanish blacklistNoNo
Crypto gainsTerritorial: 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.
PensionTerritorial 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.

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