IM · EuropeMC · Europe
Isle of Man vs Monaco: tax rates compared
Isle of Man has an income tax rate of 21%, 21pp above Monaco's 0%. The 200-country average is 28%: both sit below it. Isle of Man's figure is dated 2026-02-06 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 | IM | MC | Difference |
|---|---|---|---|
| Income Tax | 21% | 0% | IM +21 pp |
| Corporate Tax | 0% | 25% | MC +25 pplargest gap |
| VAT | 20% | 20% | match |
| Capital Gains Tax | 0% | 0% | match |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Isle of Man | 21% | Source: PWC Worldwide Tax Summaries — Isle of Man (Individual, Taxes on personal income) · as of 2026-02-06 |
| Monaco | 0% | Source: Monaco Public Service Portal (monservicepublic.gouv.mc) — Tax in Monaco · as of 2023-03-13 |
| Difference | +21 pp | Isle of Man higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Isle of Man | 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 has a corporate tax rate of 25%, 25pp above Isle of Man's 0%. The 201-country average is 22.6%: Isle of Man sits below it, Monaco sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Isle of Man | 20% | Source: PWC Worldwide Tax Summaries — Isle of Man (Corporate, Other taxes) · as of 2026-02-06 |
| Monaco | 20% | Source: Monaco government portal (MonEntreprise.gouv.mc) — VAT · as of 2023-03-07 |
| Difference | 0 pp | displayed rates match |
Isle of Man and Monaco share the same VAT rate: 20%. The 181-country average is 15%: both sit above it. Isle of Man's figure is dated 2026-02-06 and Monaco's 2023-03-07, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Isle of Man | 0% | Source: PWC Worldwide Tax Summaries — Isle of Man (Individual, Income determination) · as of 2026-02-06 |
| Monaco | 0% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Monaco · as of 2025-10-01 |
| Difference | 0 pp | displayed rates match |
Isle of Man and Monaco share the same capital gains tax rate: 0%. The 175-country average is 10.3%: both sit below it. Isle of Man's figure is dated 2026-02-06 and Monaco's 2025-10-01, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Isle of Man | 0% | Source: PWC Worldwide Tax Summaries — Isle of Man (Individual, Other taxes) · as of 2026-02-06 |
| Monaco | 0% | Source: Monaco Public Service Portal (monservicepublic.gouv.mc) — Tax in Monaco · as of 2026-07-18 |
| Difference | 0 pp | displayed rates match |
Isle of Man 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.