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Monaco vs Estonia
Tax Rate Comparison

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

๐Ÿ‡ฒ๐Ÿ‡จ Monaco
vs
๐Ÿ‡ช๐Ÿ‡ช Estonia
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
0%
No personal income tax maintained
No change
22%
22% national + local supplement; defence spending driving rate increases
No change

VAT / GST / Sales Tax

VAT / GST / Sales Tax
20%
French VAT: 20% standard
No change
9โ€“24%
24% standard; defence-driven fiscal pressure
No change

Corporate Tax Rate

Corporate Tax Rate
33.33%
33.33% qualifying profits; Pillar Two top-up for MNCs
No change
22%
22% on distributed profits; retained earnings still 0%
No change

Capital Gains Tax

Capital Gains Tax
0%
No CGT for residents
No change
22%
22% as income
No change

Social Security & Payroll

Social Security / Payroll
~30%
Social contributions stable; high living standards
No change
~33%
33% social tax maintained; III pillar voluntary pension growing
No change
State, Regional & Local Taxes

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.

๐Ÿ‡ช๐Ÿ‡ช Estonia โ€” Local Income Tax Supplement

Estonia's 79 local governments levy a local income tax supplement of 11.4% of taxable income (2024), collected alongside the national 20% income tax. Together these form the effective total income tax. Estonia's unique fully distributed profit taxation system means companies pay no corporate income tax on retained earnings โ€” only on distributed profits (dividends). This has driven significant foreign investment. Land tax (maamaks) is levied at 0.1%โ€“2.5% of assessed land value by municipalities.

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.

Monaco vs Estonia: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ช๐Ÿ‡ช Estonia has a higher top income tax rate (0% vs 22%). ๐Ÿ‡ฒ๐Ÿ‡จ Monaco is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Estonia has a higher consumption tax (20% vs 9โ€“24%).

๐Ÿข Corporate Tax: ๐Ÿ‡ช๐Ÿ‡ช Estonia offers a lower corporate rate (22% vs 33.33%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ฒ๐Ÿ‡จ Monaco taxes investment gains at a lower rate (0% vs 22%), benefiting investors.

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All ๐Ÿ‡ฒ๐Ÿ‡จ Monaco comparisons โ†’All ๐Ÿ‡ช๐Ÿ‡ช Estonia comparisons โ†’