Peru vs Monaco
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
💰 Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country — side by side.
Individual Income Tax (Top Marginal Rate)
VAT / GST / Sales Tax
Corporate Tax Rate
Capital Gains Tax
Social Security & Payroll
🇵🇪 Peru — Municipal Taxes & Regional Licenses
Peru's 25 regions and 1,874 municipalities have limited tax powers. Municipalities levy Impuesto Predial (property tax at 0.2%–1% of self-assessed value), vehicle tax (Impuesto al Patrimonio Vehicular), and business licences. Alcabala (property transfer tax) is municipal at 3% of value above 10 UIT. The national tax authority (SUNAT) administers income and VAT taxes. Peru has a flat corporate rate and progressive personal income tax system.
🇲🇨 Monaco — 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 — with the world's highest per-capita millionaires. VAT is aligned with the French system.
Peru vs Monaco: Key Tax Differences (2026)
💰 Income Tax: 🇵🇪 Peru has a higher top income tax rate (8–30% vs 0%). 🇲🇨 Monaco is more favourable for high earners.
🛒 VAT/Sales Tax: Monaco has a higher consumption tax (18% vs 20%).
🏢 Corporate Tax: 🇵🇪 Peru offers a lower corporate rate (29.5% vs 33.33%), which can influence business location decisions.
📈 Capital Gains: 🇲🇨 Monaco taxes investment gains at a lower rate (0% vs 5%), benefiting investors.