GD · AmericasMC · Europe
Grenada vs Monaco: tax rates compared
Grenada's income tax rate is 30pp higher than Monaco's (30% vs 0%). The 200-country average is 28%: Grenada sits above it, Monaco sits below it. Grenada'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 five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | GD | MC | Difference |
|---|---|---|---|
| Income Tax | 30% | 0% | GD +30 pplargest gap |
| Corporate Tax | 28% | 25% | GD +3 pp |
| VAT | 15% | 20% | MC +5 pp |
| Capital Gains Tax | 0% | 0% | match |
| Crypto Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 30% | Source: Grenada Ministry of Finance — All you need to know about Personal Income Tax · 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 | Grenada higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 28% | 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 | +3 pp | Grenada higher |
Grenada's corporate tax rate is 3pp higher than Monaco's (28% vs 25%). The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Grenada | 15% | Source: Grenada Ministry of Finance — VAT and the Consumer · as of 2010-02-01 |
| Monaco | 20% | Source: Monaco government portal (MonEntreprise.gouv.mc) — VAT · as of 2023-03-07 |
| Difference | −5 pp | Monaco higher |
Monaco's VAT rate is 5pp higher than Grenada's (20% vs 15%). The 181-country average is 15%: Grenada matches the world average, Monaco sits above it. Grenada's figure is dated 2010-02-01 and Monaco's 2023-03-07, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 0% | Source: Grenada Inland Revenue Division — Income Tax · as of 2026-07-19 |
| Monaco | 0% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Monaco · as of 2025-10-01 |
| Difference | 0 pp | displayed rates match |
Grenada's capital gains tax rate is identical to Monaco's — both sit at 0%. The 175-country average is 10.3%: both sit below it. Grenada's figure is dated 2026-07-19 and Monaco's 2025-10-01, so the two rates come from different data vintages.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 0% | Source: Grenada Inland Revenue Division — Income Tax · as of 2026-07-19 |
| Monaco | 0% | Source: Monaco Public Service Portal (monservicepublic.gouv.mc) — Tax in Monaco · as of 2023-03-13 |
| Difference | 0 pp | displayed rates match |
Grenada's crypto tax rate is identical to Monaco's — both sit at 0%. The 88-country average is 13%: both sit below it. Grenada's figure is dated 2026-07-19 and Monaco's 2023-03-13, so the two rates come from different data vintages.
Not covered for both countries yet: Wealth Tax.