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Monaco vs Venezuela
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‡ͺ Venezuela
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
6–34%
34% top; dollarized economy stabilizing tax base
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
20%
French VAT: 20% standard
No change
16%
16% IVA maintained
No change
Corporate Tax Rate
Corporate Tax Rate
33.33%
33.33% qualifying profits; Pillar Two top-up for MNCs
No change
15–34%
15–34%; oil sector investment incentives
No change
Capital Gains Tax
Capital Gains Tax
0%
No CGT for residents
No change
34%
34% as income
No change
Social Security & Payroll
Social Security / Payroll
~30%
Social contributions stable; high living standards
No change
~20%
IVSS reform needed; formal sector growing slowly
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‡ͺ Venezuela β€” Municipal & State Taxes

Venezuela's 23 states and Caracas Capital District have constitutionally defined taxing powers. States levy taxes on minerals, hydrocarbons (petrΓ³leo royalties), and salinas. Municipalities levy the Impuesto sobre Actividades EconΓ³micas (IAE) β€” a gross receipts tax β€” at 0.5%–10% on businesses, varying dramatically by municipality. The SENIAT (tax authority) administers national taxes. Hyperinflation (2017–2021) destroyed the bolΓ­var and most formal taxation. Dollarization and new strong bolΓ­var (VES) partially stabilized the system. Significant informal economy.

⚠️ 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 Venezuela: Key Tax Differences (2026)

πŸ’° Income Tax: πŸ‡»πŸ‡ͺ Venezuela has a higher top income tax rate (0% vs 6–34%). πŸ‡²πŸ‡¨ Monaco is more favourable for high earners.

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

🏒 Corporate Tax: πŸ‡²πŸ‡¨ Monaco offers a lower corporate rate (33.33% vs 34%), which can influence business location decisions.

πŸ“ˆ Capital Gains: πŸ‡²πŸ‡¨ Monaco taxes investment gains at a lower rate (0% vs 34%), benefiting investors.

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