WorldTax Compareโ† All Comparisons

Hong Kong vs Monaco
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

๐Ÿ‡ญ๐Ÿ‡ฐ Hong Kong
vs
๐Ÿ‡ฒ๐Ÿ‡จ Monaco
Tax Year:

๐Ÿ’ฐ Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country โ€” side by side.

Enter your annual income above to see your personal tax comparison โ†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
2โ€“17%
Stable; simple territorial system maintained
No change
0%
No personal income tax maintained
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
0%
No VAT
No change
20%
French VAT: 20% standard
No change
Corporate Tax Rate
Corporate Tax Rate
8.25โ€“16.5%
Domestic minimum top-up tax (DMTT) for Pillar Two groups
No change
33.33%
33.33% qualifying profits; Pillar Two top-up for MNCs
No change
Capital Gains Tax
Capital Gains Tax
0%
No CGT
No change
0%
No CGT for residents
No change
Social Security & Payroll
Social Security / Payroll
~10%
MPF review ongoing; voluntary contributions encouraged
No change
~30%
Social contributions stable; high living standards
No change
State, Regional & Local Taxes

๐Ÿ‡ญ๐Ÿ‡ฐ Hong Kong โ€” No Sub-Regional Tax Variation

Hong Kong is a Special Administrative Region with a simple, low-tax structure. There are no sub-regional taxes. Profits tax applies only to profits arising in or derived from Hong Kong (territorial basis). Property rates are charged at ~5% of assessed rental value. Estate duty was abolished in 2006. Stamp duty on property has been progressively modified since 2022 to cool/stimulate the market. There is no VAT, capital gains tax, or withholding tax on dividends.

๐Ÿ‡ฒ๐Ÿ‡จ Monaco โ€” 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 โ€” with the world's highest per-capita millionaires. VAT is aligned with the French system.

โš ๏ธ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025โ€“2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Hong Kong vs Monaco: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ญ๐Ÿ‡ฐ Hong Kong has a higher top income tax rate (2โ€“17% vs 0%). ๐Ÿ‡ฒ๐Ÿ‡จ Monaco is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Monaco has a higher consumption tax (0% vs 20%).

๐Ÿข Corporate Tax: ๐Ÿ‡ญ๐Ÿ‡ฐ Hong Kong offers a lower corporate rate (16.5% vs 33.33%), which can influence business location decisions.

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