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Monaco vs Hungary
Tax Rate Comparison

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

πŸ‡²πŸ‡¨ Monaco
vs
πŸ‡­πŸ‡Ί Hungary
Tax Year:

πŸ’° Personal Income Tax Calculator

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

Enter your annual income above to see your personal tax comparison β†’

Individual Income Tax (Top Marginal Rate)

Top Income Tax Rate
0%
No personal income tax maintained
No change
15%
Flat 15%; family tax allowances significant
No change

VAT / GST / Sales Tax

VAT / GST / Sales Tax
20%
French VAT: 20% standard
No change
5–27%
27% standard maintained; food VAT under review
No change

Corporate Tax Rate

Corporate Tax Rate
33.33%
33.33% qualifying profits; Pillar Two top-up for MNCs
No change
9%
9% maintained; supplementary tax for Pillar Two compliance
No change

Capital Gains Tax

Capital Gains Tax
0%
No CGT for residents
No change
15%
15% flat maintained
No change

Social Security & Payroll

Social Security / Payroll
~30%
Social contributions stable; high living standards
No change
~28.5%
Stable; employer 13% SZOCHO
No change
State, Regional & Local Taxes

πŸ‡²πŸ‡¨ 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.

πŸ‡­πŸ‡Ί Hungary β€” Local Business Tax & Communal Levies

Hungary's 19 counties and 3,177 municipalities levy Helyi IparΕ±zΓ©si AdΓ³ (HIPA β€” local business tax) on companies at up to 2% of net revenues. This is a major cost for businesses operating in Hungary. Budapest applies the maximum 2%. Municipalities also set property tax (Γ©pΓ­tmΓ©nyadΓ³) within national caps. Hungary has a uniquely simple income tax structure with a flat 15% rate across all income levels.

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

Monaco vs Hungary: Key Tax Differences (2026)

πŸ’° Income Tax: πŸ‡­πŸ‡Ί Hungary has a higher top income tax rate (0% vs 15%). πŸ‡²πŸ‡¨ Monaco is more favourable for high earners.

πŸ›’ VAT/Sales Tax: Hungary has a higher consumption tax (20% vs 5–27%).

🏒 Corporate Tax: πŸ‡­πŸ‡Ί Hungary offers a lower corporate rate (9% vs 33.33%), which can influence business location decisions.

πŸ“ˆ Capital Gains: πŸ‡²πŸ‡¨ Monaco taxes investment gains at a lower rate (0% vs 15%), benefiting investors.

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All πŸ‡²πŸ‡¨ Monaco comparisons β†’All πŸ‡­πŸ‡Ί Hungary comparisons β†’