WorldTax Compareโ† All Comparisons

Mongolia vs Monaco
Tax Rate Comparison

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

๐Ÿ‡ฒ๐Ÿ‡ณ Mongolia
vs
๐Ÿ‡ฒ๐Ÿ‡จ Monaco
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
10โ€“25%
25% top; fiscal windfall from mining
No change
0%
No personal income tax maintained
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
10%
10% stable
No change
20%
French VAT: 20% standard
No change
Corporate Tax Rate
Corporate Tax Rate
10โ€“25%
25% large companies; mining fiscal regime key
No change
33.33%
33.33% qualifying profits; Pillar Two top-up for MNCs
No change
Capital Gains Tax
Capital Gains Tax
10%
10% maintained
No change
0%
No CGT for residents
No change
Social Security & Payroll
Social Security / Payroll
~19.8%
Coverage expanding; pension reform
No change
~30%
Social contributions stable; high living standards
No change
State, Regional & Local Taxes

๐Ÿ‡ฒ๐Ÿ‡ณ Mongolia โ€” Aimag & Municipal Taxes

Mongolia's 21 aimags (provinces) and Ulaanbaatar city have provincial and local administrations that collect property taxes, vehicle taxes, and business licence fees within national frameworks. The General Department of Taxation (GDT) administers all national taxes. Mongolia's economy is dominated by mining (coal, copper, gold) with Erdenet, Tavan Tolgoi, and Oyu Tolgoi being major revenue sources. Mining royalties (5%โ€“5% on coal, 2.5% on strategic deposits) are national. A new mining law has updated fiscal terms.

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.

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.

Mongolia vs Monaco: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ฒ๐Ÿ‡ณ Mongolia has a higher top income tax rate (10โ€“25% vs 0%). ๐Ÿ‡ฒ๐Ÿ‡จ Monaco is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Monaco has a higher consumption tax (10% vs 20%).

๐Ÿข Corporate Tax: ๐Ÿ‡ฒ๐Ÿ‡ณ Mongolia offers a lower corporate rate (25% vs 33.33%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ฒ๐Ÿ‡จ Monaco taxes investment gains at a lower rate (0% vs 10%), benefiting investors.

Related Comparisons

๐Ÿ‡ฒ๐Ÿ‡ณ Mongolia vs ๐Ÿ‡จ๐Ÿ‡ณ ChinaTax comparison๐Ÿ‡ฒ๐Ÿ‡ณ Mongolia vs ๐Ÿ‡ญ๐Ÿ‡ฐ Hong KongTax comparison๐Ÿ‡ฒ๐Ÿ‡ณ Mongolia vs ๐Ÿ‡ฏ๐Ÿ‡ต JapanTax comparison๐Ÿ‡ฒ๐Ÿ‡ณ Mongolia vs ๐Ÿ‡ฐ๐Ÿ‡ท South KoreaTax comparison๐Ÿ‡ฒ๐Ÿ‡ณ Mongolia vs ๐Ÿ‡น๐Ÿ‡ผ TaiwanTax comparison๐Ÿ‡ฒ๐Ÿ‡ณ Mongolia vs ๐Ÿ‡ง๐Ÿ‡ณ BruneiTax comparison๐Ÿ‡ฒ๐Ÿ‡ณ Mongolia vs ๐Ÿ‡ฐ๐Ÿ‡ญ CambodiaTax comparison๐Ÿ‡ฒ๐Ÿ‡ณ Mongolia vs ๐Ÿ‡ฎ๐Ÿ‡ฉ IndonesiaTax comparison๐Ÿ‡ฒ๐Ÿ‡ณ Mongolia vs ๐Ÿ‡ฑ๐Ÿ‡ฆ LaosTax comparison๐Ÿ‡ฒ๐Ÿ‡ณ Mongolia vs ๐Ÿ‡ฒ๐Ÿ‡พ MalaysiaTax comparison๐Ÿ‡ฒ๐Ÿ‡ณ Mongolia vs ๐Ÿ‡ฒ๐Ÿ‡ฒ MyanmarTax comparison๐Ÿ‡ฒ๐Ÿ‡ณ Mongolia vs ๐Ÿ‡ต๐Ÿ‡ญ PhilippinesTax comparison