Guatemala vs Monaco

System on earnings: 25% on net income;
Simplified optional system: 7% on gross income

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/

March 31

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​

March 31

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​​

System on earnings: Quarterly instalments;
Simplified optional system: Monthly, within the first ten working days of the month.

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​

5/0/0

N/A

5/10/15

N/A

12

20%

10%

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​

22.75%

N/A

13.33%

N/A