Corporate Tax Comparison

South Korea vs Monaco

Compare South Korea and Monaco corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.

Time of Update — South Korea: 4/04/2026 · Monaco: 4/05/2026

Base Country/Region

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Compare Corporate Tax

South Korea

Monaco

Basic Corporate Tax Comparison

PwC World Tax Summary OECD Statistics

Time of Update — South Korea: 4/04/2026 · Monaco: 4/05/2026

Corporate Income Tax (CIT)

South Korea

Monaco

General CIT Rate:

Progressive: 10% (up to 200M KRW), 20% (200M-20B KRW), 22% (20B-300B KRW), 25% (over 300B KRW)

General CIT Rate:

The corporate income tax rate in Monaco is 25% for companies that derive more than 25% of their revenue from operations outside of Monaco. Companies that do not meet this criterion are generally exempt from CIT.https://gsl.org/en/taxes/monaco/

CIT Return Due Date:

Mid-term tax returns: within two months from the end of the six-month period; annual tax returns: within three months from the end of the fiscal year.

CIT Return Due Date:

Corporate tax returns in Monaco must be filed annually. The specific due dates can vary, but typically, tax returns are required to be submitted within 3 months following the end of the financial year

CIT Payment Due Date:

The submission of the declaration form (instalment payments are allowed in the case of elections).

CIT Payment Due Date:

The payment of corporate income tax in Monaco is generally due within 3 months of the end of the financial year, coinciding with the tax return filing deadline

CIT Estimated Payment Due Date:

Monaco requires companies to make estimated tax payments throughout the year. These payments are usually based on the previous year's tax liability and are typically made in four installments. The exact dates for these installments are determined by the tax authorities, but they commonly fall at the end of each quarter

Withholding Tax (WHT)

South Korea

Monaco

Resident Withholding Tax (Dividend/Interest/Royalty):

Non-Resident Withholding Tax (Dividend/Interest/Royalty):

Value-Added Tax (VAT)

South Korea

Monaco

General VAT Rate:

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Value-Added Tax (VAT)

General VAT Rate:

20%

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Value-Added Tax (VAT)

Capital Gain Tax (CGT)

South Korea

Monaco

General Capital Gain Tax Rate:

25 (the same as the normal CIT rate for corporations over 300B KRW taxable income)

General Capital Gain Tax Rate:

Monaco does not levy a general capital gains tax on individuals. This means that residents do not pay taxes on capital gains from the sale of assets such as real estate or investments. However, companies subject to corporate income tax in Monaco will have their capital gains taxed as part of their overall corporate tax liability

Effective Tax Rate (ETR)

South Korea

Monaco

Composite Effective Average Tax Rate:

24.87%

Composite Effective Average Tax Rate:

Composite Effective Marginal Tax Rate:

22.0%

Composite Effective Marginal Tax Rate:

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