MC · EuropeSG · Asia
Monaco vs Singapore: tax rates compared
Singapore has an income tax rate of 24%, 24pp above Monaco's 0%. The 200-country average is 28%: both sit below it. Monaco's figure is dated 2023-03-13 and Singapore's 2026-04-27, 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 | SG | Difference |
|---|---|---|---|
| Income Tax | 0% | 24% | SG +24 pplargest gap |
| Corporate Tax | 25% | 17% | MC +8 pp |
| VAT | 20% | 9% | MC +11 pp |
| Capital Gains Tax | 0% | 0% | match |
| Crypto Tax | 0% | 0% | match |
| 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 |
| Singapore | 24% | Source: Inland Revenue Authority of Singapore (IRAS) — Individual Income Tax rates · as of 2026-04-27 |
| Difference | −24 pp | Singapore higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Monaco | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Singapore | 17% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +8 pp | Monaco higher |
Monaco has a corporate tax rate of 25%, 8pp above Singapore's 17%. The 201-country average is 22.6%: Monaco sits above it, Singapore sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Monaco | 20% | Source: Monaco government portal (MonEntreprise.gouv.mc) — VAT · as of 2023-03-07 |
| Singapore | 9% | Source: PWC Worldwide Tax Summaries — Singapore (Corporate, Other taxes) · as of 2026-07-02 |
| Difference | +11 pp | Monaco higher |
Monaco has a VAT rate of 20%, 11pp above Singapore's 9%. The 181-country average is 15%: Monaco sits above it, Singapore sits below it. Monaco's figure is dated 2023-03-07 and Singapore's 2026-07-02, 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 |
| Singapore | 0% | Source: PWC Worldwide Tax Summaries — Singapore (Individual, Other taxes) · as of 2026-07-02 |
| Difference | 0 pp | displayed rates match |
Monaco and Singapore share the same capital gains tax rate: 0%. The 175-country average is 10.3%: both sit below it. Monaco's figure is dated 2025-10-01 and Singapore's 2026-07-02, 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 |
| Singapore | 0% | Source: IRAS e-Tax Guide — Income Tax Treatment of Digital Tokens · as of 2026-01-30 |
| Difference | 0 pp | displayed rates match |
Monaco and Singapore share the same crypto tax rate: 0%. The 88-country average is 13%: both sit below it. Monaco's figure is dated 2023-03-13 and Singapore's 2026-01-30, 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 |
| Singapore | 0% | Source: PWC Worldwide Tax Summaries — Singapore (Individual, Other taxes) · as of 2026-07-02 |
| Difference | 0 pp | displayed rates match |
Monaco and Singapore share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.