Venezuela vs Monaco
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
๐ฐ Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country โ side by side.
๐ป๐ช Venezuela โ Municipal & State Taxes
Venezuela's 23 states and Caracas Capital District have constitutionally defined taxing powers. States levy taxes on minerals, hydrocarbons (petrรณleo royalties), and salinas. Municipalities levy the Impuesto sobre Actividades Econรณmicas (IAE) โ a gross receipts tax โ at 0.5%โ10% on businesses, varying dramatically by municipality. The SENIAT (tax authority) administers national taxes. Hyperinflation (2017โ2021) destroyed the bolรญvar and most formal taxation. Dollarization and new strong bolรญvar (VES) partially stabilized the system. Significant informal economy.
๐ฒ๐จ 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.
Venezuela vs Monaco: Key Tax Differences (2026)
๐ฐ Income Tax: ๐ป๐ช Venezuela has a higher top income tax rate (6โ34% vs 0%). ๐ฒ๐จ Monaco is more favourable for high earners.
๐ VAT/Sales Tax: Monaco has a higher consumption tax (16% vs 20%).
๐ข Corporate Tax: ๐ฒ๐จ Monaco offers a lower corporate rate (33.33% vs 34%), which can influence business location decisions.
๐ Capital Gains: ๐ฒ๐จ Monaco taxes investment gains at a lower rate (0% vs 34%), benefiting investors.