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Monaco vs Barbados
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‡ง๐Ÿ‡ง Barbados
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
12.5โ€“28.5%
28.5% top; competitive Caribbean jurisdiction
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
20%
French VAT: 20% standard
No change
17.5%
17.5% stable
No change
Corporate Tax Rate
Corporate Tax Rate
33.33%
33.33% qualifying profits; Pillar Two top-up for MNCs
No change
5.5โ€“9%
Tiered rate; Pillar Two compliance for large groups
No change
Capital Gains Tax
Capital Gains Tax
0%
No CGT for residents
No change
0%
No CGT โ€” sustained advantage
No change
Social Security & Payroll
Social Security / Payroll
~30%
Social contributions stable; high living standards
No change
~18.1%
NIS contributions; pension reform needed
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‡ง๐Ÿ‡ง Barbados โ€” Parish Councils & Land Tax

Barbados's 11 parishes have parish councils that levy land tax at 0.1%โ€“0.7% of site value. Barbados has long been a significant international business and financial centre, particularly for Canadian companies. Major tax reform in 2019 aligned Barbados with OECD BEPS standards. A tiered corporate tax rate structure was introduced. Barbados was removed from the EU tax haven blacklist following these reforms and maintains competitiveness as an IFC.

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 Barbados: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ง๐Ÿ‡ง Barbados has a higher top income tax rate (0% vs 12.5โ€“28.5%). ๐Ÿ‡ฒ๐Ÿ‡จ Monaco is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Monaco has a higher consumption tax (20% vs 17.5%).

๐Ÿข Corporate Tax: ๐Ÿ‡ง๐Ÿ‡ง Barbados offers a lower corporate rate (9% vs 33.33%), which can influence business location decisions.

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