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Monaco vs Saint Vincent and the Grenadines: tax rates compared

Saint Vincent and the Grenadines's income tax rate is 28pp higher than Monaco's (28% vs 0%). The 200-country average is 28%: Monaco sits below it, Saint Vincent and the Grenadines matches the world average. Monaco's figure is dated 2023-03-13 and Saint Vincent and the Grenadines's 2024-01-01, 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

0102030405060Income0%28%Corporate25%28%VAT16%20%Capital Gains0%Crypto0%Wealth Tax0%
six shared taxes, side by side
Tax MC VCDifference
Income Tax0%28%VC +28 pplargest gap
Corporate Tax25%28%VC +3 pp
VAT20%16%MC +4 pp
Capital Gains Tax0%0%match
Crypto Tax0%0%match
Wealth Tax0%0%match

Income Tax

Income Tax, side by side
CountryRateSource
Monaco0%Source: Monaco Public Service Portal (monservicepublic.gouv.mc) — Tax in Monaco · as of 2023-03-13
Saint Vincent and the Grenadines28%Source: Saint Vincent and the Grenadines Inland Revenue Department — PAYE Tax Tables (Code 245) · as of 2024-01-01
Difference−28 ppSaint Vincent and the Grenadines higher

Corporate Tax

Corporate Tax, side by side
CountryRateSource
Monaco25%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Saint Vincent and the Grenadines28%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Difference−3 ppSaint Vincent and the Grenadines higher

Saint Vincent and the Grenadines's corporate tax rate is 3pp higher than Monaco's (28% vs 25%). The 201-country average is 22.6%: both sit above it.

VAT

VAT, side by side
CountryRateSource
Monaco20%Source: Monaco government portal (MonEntreprise.gouv.mc) — VAT · as of 2023-03-07
Saint Vincent and the Grenadines16%Source: EY Worldwide VAT, GST and Sales Tax Guide 2026 — Saint Vincent and the Grenadines · as of 2026-01-01
Difference+4 ppMonaco higher

Monaco's VAT rate is 4pp higher than Saint Vincent and the Grenadines's (20% vs 16%). The 181-country average is 15%: both sit above it. Monaco's figure is dated 2023-03-07 and Saint Vincent and the Grenadines's 2026-01-01, so the two rates come from different data vintages.

Capital Gains Tax

Capital Gains Tax, side by side
CountryRateSource
Monaco0%Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Monaco · as of 2025-10-01
Saint Vincent and the Grenadines0%Source: Laws of Saint Vincent and the Grenadines — Income Tax Act, Cap. 435, Section 33 (Assessable income: general) · as of 2026-07-19
Difference0 ppdisplayed rates match

Monaco's capital gains tax rate is identical to Saint Vincent and the Grenadines's — both sit at 0%. The 175-country average is 10.3%: both sit below it. Monaco's figure is dated 2025-10-01 and Saint Vincent and the Grenadines's 2026-07-19, so the two rates come from different data vintages.

Crypto Tax

Crypto Tax, side by side
CountryRateSource
Monaco0%Source: Monaco Public Service Portal (monservicepublic.gouv.mc) — Tax in Monaco · as of 2023-03-13
Saint Vincent and the Grenadines0%Source: Laws of Saint Vincent and the Grenadines — Income Tax Act, Cap. 435, Section 33 (Assessable income: general) · as of 2026-07-19
Difference0 ppdisplayed rates match

Monaco's crypto tax rate is identical to Saint Vincent and the Grenadines's — both sit at 0%. The 88-country average is 13%: both sit below it. Monaco's figure is dated 2023-03-13 and Saint Vincent and the Grenadines's 2026-07-19, so the two rates come from different data vintages.

Wealth Tax

Wealth Tax, side by side
CountryRateSource
Monaco0%Source: Monaco Public Service Portal (monservicepublic.gouv.mc) — Tax in Monaco · as of 2026-07-18
Saint Vincent and the Grenadines0%Source: Saint Vincent and the Grenadines Inland Revenue Department — Taxes · as of 2026-07-18
Difference0 ppdisplayed rates match

Monaco's wealth tax rate is identical to Saint Vincent and the Grenadines's — both sit at 0%. The 193-country average is 0.1%: both sit below it.