BT · AsiaMC · Europe
Bhutan vs Monaco: tax rates compared
Bhutan's income tax rate is 30pp higher than Monaco's (30% vs 0%). The 200-country average is 28%: Bhutan sits above it, Monaco sits below it. Bhutan's figure is dated 2026-07-20 and Monaco's 2023-03-13, so the two rates come from different data vintages.
Verified data covers four of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | BT | MC | Difference |
|---|---|---|---|
| Income Tax | 30% | 0% | BT +30 pplargest gap |
| Corporate Tax | 25% | 25% | match |
| VAT | 5% | 20% | MC +15 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Bhutan | 30% | Source: Bhutan Department of Revenue and Customs, Ministry of Finance — Personal Income Tax (PIT) · as of 2026-07-20 |
| Monaco | 0% | Source: Monaco Public Service Portal (monservicepublic.gouv.mc) — Tax in Monaco · as of 2023-03-13 |
| Difference | +30 pp | Bhutan higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Bhutan | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Monaco | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | 0 pp | displayed rates match |
Bhutan's corporate tax rate is identical to Monaco's — both sit at 25%. The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Bhutan | 5% | Source: EY Worldwide VAT, GST and Sales Tax Guide 2026 — Bhutan · as of 2026-01-01 |
| Monaco | 20% | Source: Monaco government portal (MonEntreprise.gouv.mc) — VAT · as of 2023-03-07 |
| Difference | −15 pp | Monaco higher |
Monaco's VAT rate is 15pp higher than Bhutan's (20% vs 5%). The 181-country average is 15%: Bhutan sits below it, Monaco sits above it. Bhutan's figure is dated 2026-01-01 and Monaco's 2023-03-07, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Bhutan | 0% | Source: Bhutan Department of Revenue and Customs, Ministry of Finance · as of 2026-07-18 |
| Monaco | 0% | Source: Monaco Public Service Portal (monservicepublic.gouv.mc) — Tax in Monaco · as of 2026-07-18 |
| Difference | 0 pp | displayed rates match |
Bhutan's wealth tax rate is identical to Monaco's — both sit at 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax.