Ghana vs Monaco
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
π° Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country β side by side.
π¬π Ghana β District Assembly Taxes
Ghana's 261 district assemblies levy property rates, basic rates (on adults), entertainment tax, and business operating levies. The Ghana Revenue Authority (GRA) administers national taxes. A key local levy is the Development Levy. Accra Metropolitan Assembly and Kumasi Metropolitan Assembly have the highest property rates. Ghana has faced significant fiscal challenges including a 2023 IMF bailout. An e-levy (1.5% on electronic transfers) was introduced in 2022, controversially, and later modified.
π²π¨ Monaco β No Sub-National Tax Variation
Monaco is a city-state with no sub-national taxation. Monaco has no personal income tax for residents (with limited exception for French nationals under a bilateral treaty). Corporate tax at 33.33% applies only to companies deriving more than 25% of revenue from outside Monaco. This principality between France and Italy is the world's most famous tax haven β with the world's highest per-capita millionaires. VAT is aligned with the French system.
Ghana vs Monaco: Key Tax Differences (2026)
π° Income Tax: π¬π Ghana has a higher top income tax rate (0β35% vs 0%). π²π¨ Monaco is more favourable for high earners.
π VAT/Sales Tax: Monaco has a higher consumption tax (15% vs 20%).
π’ Corporate Tax: π¬π Ghana offers a lower corporate rate (25% vs 33.33%), which can influence business location decisions.
π Capital Gains: π²π¨ Monaco taxes investment gains at a lower rate (0% vs 25%), benefiting investors.