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Monaco vs Turkey
Tax Rate Comparison

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

πŸ‡²πŸ‡¨ Monaco
vs
πŸ‡ΉπŸ‡· Turkey
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
15–40%
Brackets indexed to PPI; real rates declining with inflation
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
20%
French VAT: 20% standard
No change
1–20%
VAT structure maintained; potential rationalization
No change
Corporate Tax Rate
Corporate Tax Rate
33.33%
33.33% qualifying profits; Pillar Two top-up for MNCs
No change
25%
25% stable; capital markets development incentives
No change
Capital Gains Tax
Capital Gains Tax
0%
No CGT for residents
No change
0–40%
Inflation-adjusted gains; listed shares remain exempt
No change
Social Security & Payroll
Social Security / Payroll
~30%
Social contributions stable; high living standards
No change
~37.5%
SGK contribution structure maintained; frequent minimum wage hikes
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‡ΉπŸ‡· Turkey β€” Municipal & Special Provincial Taxes

Turkey's 81 provinces and 1,389 municipalities levy Real Estate Tax (Emlak Vergisi) at 0.1%–0.6% of assessed value (doubled in metro areas). Municipalities levy Environmental Cleansing Tax (Γ§evre temizlik vergisi) and Advertisement Tax. The Communication Tax and BSMV (banking and insurance transactions tax) are national. Municipalities receive shares of central tax revenues. High inflation has significantly eroded real tax burden but required frequent bracket adjustments.

⚠️ 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 Turkey: Key Tax Differences (2026)

πŸ’° Income Tax: πŸ‡ΉπŸ‡· Turkey has a higher top income tax rate (0% vs 15–40%). πŸ‡²πŸ‡¨ Monaco is more favourable for high earners.

πŸ›’ VAT/Sales Tax: Both countries have comparable consumption tax rates (20% vs 1–20%).

🏒 Corporate Tax: πŸ‡ΉπŸ‡· Turkey offers a lower corporate rate (25% 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 40%), benefiting investors.

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