Azores or San Marino: which taxes less?

Both tax systems side by side, headline rates and the gap between them.

Level pegging: Azores and San Marino weigh about the same on the taxpayer.

Tax Azores San Marino Gap
Corporate income tax headline rate 14% 17% −3.0 points
Personal income tax top bracket 0% to 36.2% 12% to 50% −13.8 points
VAT standard rate 18% 0% +18.0 points

Detailed schedules

Corporate income tax

Azores

General regional regime 14%
SMEs: first 50,000 euros of profit 11.9%

San Marino

General income tax Single flat rate on taxable income 17%
See the Azores page See the San Marino page