Monaco or Palestine: which taxes less?

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

Level pegging: Monaco and Palestine weigh about the same on the taxpayer.

Tax Monaco Palestine Gap
Corporate income tax headline rate 25% 15% +10.0 points
Personal income tax top bracket 0% 5% to 15% −15.0 points
VAT standard rate 20% 16% +4.0 points

Detailed schedules

Corporate income tax

Monaco

Activities with more than 25% of turnover outside Monaco 25%
Purely Monegasque activities outside the scope of the tax 0%

Palestine

n/a

See the Monaco page See the Palestine page