MC · EuropeKR · Asia
Monaco vs South Korea: tax rates compared
South Korea's income tax rate is 49.5pp higher than Monaco's (49.5% vs 0%). The 200-country average is 28%: Monaco sits below it, South Korea sits above it. Monaco's figure is dated 2023-03-13 and South Korea'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 | KR | Difference |
|---|---|---|---|
| Income Tax | 0% | 49.5% | KR +49.5 pplargest gap |
| Corporate Tax | 25% | 26.4% | KR +1.4 pp |
| VAT | 20% | 10% | MC +10 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 |
| South Korea | 49.5% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −49.5 pp | South Korea higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Monaco | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| South Korea | 26.4% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −1.4 pp | South Korea higher |
South Korea's corporate tax rate is 1.4pp higher than Monaco's (26.4% vs 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 |
| South Korea | 10% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Corporate, Other taxes) · as of 2026-06-04 |
| Difference | +10 pp | Monaco higher |
Monaco's VAT rate is 10pp higher than South Korea's (20% vs 10%). The 181-country average is 15%: Monaco sits above it, South Korea sits below it. Monaco's figure is dated 2023-03-07 and South Korea's 2026-06-04, 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 |
| South Korea | 0% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Individual, Income determination) · as of 2026-07-02 |
| Difference | 0 pp | displayed rates match |
Monaco's capital gains tax rate is identical to South Korea'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 South Korea'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 |
| South Korea | 0% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Corporate, Income determination — Income from virtual assets) · as of 2026-06-04 |
| Difference | 0 pp | displayed rates match |
Monaco's crypto tax rate is identical to South Korea's — both sit at 0%. The 88-country average is 13%: both sit below it. Monaco's figure is dated 2023-03-13 and South Korea's 2026-06-04, 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 |
| South Korea | 0% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Individual, Other taxes) · as of 2026-07-02 |
| Difference | 0 pp | displayed rates match |
Monaco's wealth tax rate is identical to South Korea's — both sit at 0%. The 193-country average is 0.1%: both sit below it.