HK · AsiaMC · Europe
Hong Kong vs Monaco: tax rates compared
Hong Kong's income tax rate is 17pp higher than Monaco's (17% vs 0%). The 200-country average is 28%: both sit below it. Hong Kong's figure is dated 2025-12-31 and Monaco's 2023-03-13, so the two rates come from different data vintages.
Verified data covers six of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | HK | MC | Difference |
|---|---|---|---|
| Income Tax | 17% | 0% | HK +17 pp |
| Corporate Tax | 16.5% | 25% | MC +8.5 pp |
| VAT | 0% | 20% | MC +20 pplargest gap |
| Capital Gains Tax | 0% | 0% | match |
| Crypto Tax | 0% | 0% | match |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Hong Kong | 17% | Source: PWC Worldwide Tax Summaries — Hong Kong SAR (Individual, Taxes on personal income) · as of 2025-12-31 |
| Monaco | 0% | Source: Monaco Public Service Portal (monservicepublic.gouv.mc) — Tax in Monaco · as of 2023-03-13 |
| Difference | +17 pp | Hong Kong higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Hong Kong | 16.5% | 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 | −8.5 pp | Monaco higher |
Monaco's corporate tax rate is 8.5pp higher than Hong Kong's (25% vs 16.5%). The 201-country average is 22.6%: Hong Kong sits below it, Monaco sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Hong Kong | 0% | Source: PWC Worldwide Tax Summaries — Hong Kong SAR (Corporate, Other taxes) · as of 2025-12-31 |
| 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 Hong Kong's (20% vs 0%). The 181-country average is 15%: Hong Kong sits below it, Monaco sits above it. Hong Kong's figure is dated 2025-12-31 and Monaco's 2023-03-07, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Hong Kong | 0% | Source: PWC Worldwide Tax Summaries — Hong Kong SAR (Individual, Income determination) · as of 2025-12-31 |
| Monaco | 0% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Monaco · as of 2025-10-01 |
| Difference | 0 pp | displayed rates match |
Hong Kong'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.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Hong Kong | 0% | Source: Hong Kong Inland Revenue Department — Departmental Interpretation and Practice Notes No. 39 (Revised): Digital Economy, Electronic Commerce and Digital Assets · as of 2020-03-01 |
| Monaco | 0% | Source: Monaco Public Service Portal (monservicepublic.gouv.mc) — Tax in Monaco · as of 2023-03-13 |
| Difference | 0 pp | displayed rates match |
Hong Kong's crypto tax rate is identical to Monaco's — both sit at 0%. The 88-country average is 13%: both sit below it. Hong Kong's figure is dated 2020-03-01 and Monaco's 2023-03-13, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Hong Kong | 0% | Source: PWC Worldwide Tax Summaries — Hong Kong SAR (Individual, Other taxes) · as of 2025-12-31 |
| Monaco | 0% | Source: Monaco Public Service Portal (monservicepublic.gouv.mc) — Tax in Monaco · as of 2026-07-18 |
| Difference | 0 pp | displayed rates match |
Hong Kong's wealth tax rate is identical to Monaco's — both sit at 0%. The 193-country average is 0.1%: both sit below it. Hong Kong's figure is dated 2025-12-31 and Monaco's 2026-07-18, so the two rates come from different data vintages.