Monaco or Romania: which taxes less?

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

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

Tax Monaco Romania Gap
Corporate income tax headline rate 25% 16% +9.0 points
Personal income tax top bracket 0% 10% −10.0 points
VAT standard rate 20% 21% −1.0 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%

Romania

n/a

See the Monaco page See the Romania page