MC · EuropeNO · Europe
Monaco vs Norway: tax rates compared
Norway has an income tax rate of 39.7%, 39.7pp above Monaco's 0%. The 200-country average is 28%: Monaco sits below it, Norway sits above it. Monaco's figure is dated 2023-03-13 and Norway's 2025-01-01, 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 | MC | NO | Difference |
|---|---|---|---|
| Income Tax | 0% | 39.7% | NO +39.7 pplargest gap |
| Corporate Tax | 25% | 22% | MC +3 pp |
| VAT | 20% | 25% | NO +5 pp |
| Capital Gains Tax | 0% | 37.8% | NO +37.8 pp |
| Crypto Tax | 0% | 22% | NO +22 pp |
| Wealth Tax | 0% | 1.1% | NO +1.1 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Monaco | 0% | Source: Monaco Public Service Portal (monservicepublic.gouv.mc) — Tax in Monaco · as of 2023-03-13 |
| Norway | 39.7% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −39.7 pp | Norway higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Monaco | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Norway | 22% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +3 pp | Monaco higher |
Monaco has a corporate tax rate of 25%, 3pp above Norway's 22%. The 201-country average is 22.6%: Monaco sits above it, Norway sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Monaco | 20% | Source: Monaco government portal (MonEntreprise.gouv.mc) — VAT · as of 2023-03-07 |
| Norway | 25% | Source: PWC Worldwide Tax Summaries — Norway (Corporate, Other taxes) · as of 2026-06-25 |
| Difference | −5 pp | Norway higher |
Norway has a VAT rate of 25%, 5pp above Monaco's 20%. The 181-country average is 15%: both sit above it. Monaco's figure is dated 2023-03-07 and Norway's 2026-06-25, 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 |
| Norway | 37.8% | Source: PwC Worldwide Tax Summaries — Norway (Individual, Income determination) · as of 2026-01-20 |
| Difference | −37.8 pp | Norway higher |
Norway has a capital gains tax rate of 37.8%, 37.8pp above Monaco's 0%. The 175-country average is 10.3%: Monaco sits below it, Norway sits above it. Monaco's figure is dated 2025-10-01 and Norway's 2026-01-20, so the two rates come from different data vintages.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Monaco | 0% | Source: Monaco Public Service Portal (monservicepublic.gouv.mc) — Tax in Monaco · as of 2023-03-13 |
| Norway | 22% | Source: Norwegian Tax Administration (Skatteetaten) — Skatte-ABC, V-13-3.4 Realisasjon (virtual assets — realization) · as of 2026-01-01 |
| Difference | −22 pp | Norway higher |
Norway has a crypto tax rate of 22%, 22pp above Monaco's 0%. The 88-country average is 13%: Monaco sits below it, Norway sits above it. Monaco's figure is dated 2023-03-13 and Norway's 2026-01-01, 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 |
| Norway | 1.1% | Source: Skatteetaten (Norwegian Tax Administration) — Wealth tax rates · as of 2026-01-01 |
| Difference | −1.1 pp | Norway higher |
Norway has a wealth tax rate of 1.1%, 1.1pp above Monaco's 0%. The 193-country average is 0.1%: Monaco sits below it, Norway sits above it.