GG · EuropeMC · Europe
Guernsey vs Monaco: tax rates compared
Guernsey's income tax rate is 20pp higher than Monaco's (20% vs 0%). The 200-country average is 28%: both sit below it. Guernsey's figure is dated 2025-12-17 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 | GG | MC | Difference |
|---|---|---|---|
| Income Tax | 20% | 0% | GG +20 pp |
| Corporate Tax | 0% | 25% | MC +25 pplargest gap |
| VAT | 0% | 20% | MC +20 pp |
| Capital Gains Tax | 0% | 0% | match |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Guernsey | 20% | Source: PwC Worldwide Tax Summaries — Guernsey, Channel Islands, Individual - Taxes on personal income · as of 2025-12-17 |
| Monaco | 0% | Source: Monaco Public Service Portal (monservicepublic.gouv.mc) — Tax in Monaco · as of 2023-03-13 |
| Difference | +20 pp | Guernsey higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Guernsey | 0% | 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 | −25 pp | Monaco higher |
Monaco's corporate tax rate is 25pp higher than Guernsey's (25% vs 0%). The 201-country average is 22.6%: Guernsey sits below it, Monaco sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Guernsey | 0% | Source: PWC Worldwide Tax Summaries — Guernsey (Individual, Other taxes) · as of 2025-12-17 |
| Monaco | 20% | Source: Monaco government portal (MonEntreprise.gouv.mc) — VAT · as of 2023-03-07 |
| Difference | −20 pp | Monaco higher |
Monaco's VAT rate is 20pp higher than Guernsey's (20% vs 0%). The 181-country average is 15%: Guernsey sits below it, Monaco sits above it. Guernsey's figure is dated 2025-12-17 and Monaco's 2023-03-07, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Guernsey | 0% | Source: PwC Worldwide Tax Summaries — Guernsey, Channel Islands, Individual - Income determination · as of 2025-12-17 |
| Monaco | 0% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Monaco · as of 2025-10-01 |
| Difference | 0 pp | displayed rates match |
Guernsey'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.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Guernsey | 0% | Source: PWC Worldwide Tax Summaries — Guernsey (Individual, Other taxes) · as of 2025-12-17 |
| Monaco | 0% | Source: Monaco Public Service Portal (monservicepublic.gouv.mc) — Tax in Monaco · as of 2026-07-18 |
| Difference | 0 pp | displayed rates match |
Guernsey's wealth tax rate is identical to Monaco's — both sit at 0%. The 193-country average is 0.1%: both sit below it. Guernsey's figure is dated 2025-12-17 and Monaco's 2026-07-18, so the two rates come from different data vintages.
Not covered for both countries yet: Crypto Tax.