GM · AfricaMC · Europe
Gambia vs Monaco: tax rates compared
Gambia has an income tax rate of 25%, 25pp above Monaco's 0%. The 200-country average is 28%: both sit below it. Gambia's figure is dated 2018-01-01 and Monaco's 2023-03-13, so the two rates come from different data vintages.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | GM | MC | Difference |
|---|---|---|---|
| Income Tax | 25% | 0% | GM +25 pplargest gap |
| Corporate Tax | 27% | 25% | GM +2 pp |
| VAT | 15% | 20% | MC +5 pp |
| Capital Gains Tax | 15% | 0% | GM +15 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Gambia | 25% | Source: Gambia Revenue Authority — Personal Income Tax · as of 2018-01-01 |
| Monaco | 0% | Source: Monaco Public Service Portal (monservicepublic.gouv.mc) — Tax in Monaco · as of 2023-03-13 |
| Difference | +25 pp | Gambia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Gambia | 27% | 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 | +2 pp | Gambia higher |
Gambia has a corporate tax rate of 27%, 2pp above Monaco's 25%. The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Gambia | 15% | Source: Gambia Revenue Authority — Domestic Taxes FAQs · as of 2026-01-01 |
| Monaco | 20% | Source: Monaco government portal (MonEntreprise.gouv.mc) — VAT · as of 2023-03-07 |
| Difference | −5 pp | Monaco higher |
Monaco has a VAT rate of 20%, 5pp above Gambia's 15%. The 181-country average is 15%: Gambia matches the world average, Monaco sits above it. Gambia's figure is dated 2026-01-01 and Monaco's 2023-03-07, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Gambia | 15% | Source: Gambia Revenue Authority — Domestic Taxes FAQs · as of 2026-07-19 |
| Monaco | 0% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Monaco · as of 2025-10-01 |
| Difference | +15 pp | Gambia higher |
Gambia has a capital gains tax rate of 15%, 15pp above Monaco's 0%. The 175-country average is 10.3%: Gambia sits above it, Monaco sits below it. Gambia's figure is dated 2026-07-19 and Monaco's 2025-10-01, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Gambia | 0% | Source: Gambia Revenue Authority · 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 |
Gambia and Monaco share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.