MC · EuropeMN · Asia
Monaco vs Mongolia: tax rates compared
Between the two, Mongolia's income tax rate (20%) tops Monaco's (0%) by 20pp. The 200-country average is 28%: both sit below it. Monaco's figure is dated 2023-03-13 and Mongolia's 2026-06-08, 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 | MC | MN | Difference |
|---|---|---|---|
| Income Tax | 0% | 20% | MN +20 pplargest gap |
| Corporate Tax | 25% | 25% | match |
| VAT | 20% | 10% | MC +10 pp |
| Capital Gains Tax | 0% | 10% | MN +10 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Monaco | 0% | Source: Monaco Public Service Portal (monservicepublic.gouv.mc) — Tax in Monaco · as of 2023-03-13 |
| Mongolia | 20% | Source: PWC Worldwide Tax Summaries — Mongolia (Individual, Taxes on personal income) · as of 2026-06-08 |
| Difference | −20 pp | Mongolia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Monaco | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Mongolia | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Monaco and Mongolia both post a corporate tax rate of 25%. The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Monaco | 20% | Source: Monaco government portal (MonEntreprise.gouv.mc) — VAT · as of 2023-03-07 |
| Mongolia | 10% | Source: PWC Worldwide Tax Summaries — Mongolia (Corporate, Other taxes) · as of 2026-06-08 |
| Difference | +10 pp | Monaco higher |
Between the two, Monaco's VAT rate (20%) tops Mongolia's (10%) by 10pp. The 181-country average is 15%: Monaco sits above it, Mongolia sits below it. Monaco's figure is dated 2023-03-07 and Mongolia's 2026-06-08, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Monaco | 0% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Monaco · as of 2025-10-01 |
| Mongolia | 10% | Source: PwC Worldwide Tax Summaries — Mongolia (Individual, Income determination) · as of 2026-06-08 |
| Difference | −10 pp | Mongolia higher |
Between the two, Mongolia's capital gains tax rate (10%) tops Monaco's (0%) by 10pp. The 175-country average is 10.3%: both sit below it. Monaco's figure is dated 2025-10-01 and Mongolia's 2026-06-08, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Monaco | 0% | Source: Monaco Public Service Portal (monservicepublic.gouv.mc) — Tax in Monaco · as of 2026-07-18 |
| Mongolia | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-06-08 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Monaco and Mongolia both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.