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Montenegro vs Thailand: tax rates compared
Thailand's income tax rate is 20pp higher than Montenegro's (35% vs 15%). The 200-country average is 28%: Montenegro sits below it, Thailand sits above it.
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 | ME | TH | Difference |
|---|---|---|---|
| Income Tax | 15% | 35% | TH +20 pplargest gap |
| Corporate Tax | 15% | 20% | TH +5 pp |
| VAT | 21% | 7% | ME +14 pp |
| Capital Gains Tax | 15% | 0% | ME +15 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Montenegro | 15% | Source: PWC Worldwide Tax Summaries — Montenegro (Individual, Taxes on personal income) · as of 2026-03-27 |
| Thailand | 35% | Source: PWC Worldwide Tax Summaries — Thailand (Individual, Taxes on personal income) · as of 2026-02-02 |
| Difference | −20 pp | Thailand higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Montenegro | 15% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Thailand | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −5 pp | Thailand higher |
Thailand's corporate tax rate is 5pp higher than Montenegro's (20% vs 15%). The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Montenegro | 21% | Source: PWC Worldwide Tax Summaries — Montenegro (Corporate, Other taxes) · as of 2026-03-27 |
| Thailand | 7% | Source: PWC Worldwide Tax Summaries — Thailand (Corporate, Other taxes) · as of 2026-02-02 |
| Difference | +14 pp | Montenegro higher |
Montenegro's VAT rate is 14pp higher than Thailand's (21% vs 7%). The 181-country average is 15%: Montenegro sits above it, Thailand sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Montenegro | 15% | Source: PwC Worldwide Tax Summaries — Montenegro (Individual, Income determination) · as of 2026-03-27 |
| Thailand | 0% | Source: PWC Worldwide Tax Summaries — Thailand (Individual, Income determination) · as of 2026-02-02 |
| Difference | +15 pp | Montenegro higher |
Montenegro's capital gains tax rate is 15pp higher than Thailand's (15% vs 0%). The 175-country average is 10.3%: Montenegro sits above it, Thailand sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Montenegro | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-03-27 |
| Thailand | 0% | Source: PWC Worldwide Tax Summaries — Thailand (Individual, Other taxes) · as of 2026-02-02 |
| Difference | 0 pp | displayed rates match |
Montenegro's wealth tax rate is identical to Thailand's — both sit at 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.