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Monaco vs Mexico
Tax Rate Comparison

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

πŸ‡²πŸ‡¨ Monaco
vs
πŸ‡²πŸ‡½ Mexico
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
1.92–35%
Rates stable; fiscal consolidation needed
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
20%
French VAT: 20% standard
No change
0–16%
Standard 16% maintained
No change
Corporate Tax Rate
Corporate Tax Rate
33.33%
33.33% qualifying profits; Pillar Two top-up for MNCs
No change
30%
30% maintained; Pillar Two discussions
No change
Capital Gains Tax
Capital Gains Tax
0%
No CGT for residents
No change
35%
No change
No change
Social Security & Payroll
Social Security / Payroll
~30%
Social contributions stable; high living standards
No change
~35%
Nearshoring investment affecting payroll dynamics
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‡²πŸ‡½ Mexico β€” State & Municipal Taxes

Mexico's 31 states and Mexico City each have their own regimes. States charge local payroll tax (Impuesto Sobre NΓ³mina) at 1%–4% (employer-paid). Municipal property tax (predial) rates vary significantly. Some states have lodging and entertainment levies. The Maquila sector benefits from special IMMEX programs. Nearshoring boom is driving new investment.

⚠️ 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 Mexico: Key Tax Differences (2026)

πŸ’° Income Tax: πŸ‡²πŸ‡½ Mexico has a higher top income tax rate (0% vs 1.92–35%). πŸ‡²πŸ‡¨ Monaco is more favourable for high earners.

πŸ›’ VAT/Sales Tax: Monaco has a higher consumption tax (20% vs 0–16%).

🏒 Corporate Tax: πŸ‡²πŸ‡½ Mexico offers a lower corporate rate (30% 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 35%), benefiting investors.

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