Monaco & Tax

As an independent sovereign state Monaco has chosen not to adopt any income, wealth or capital gains tax legislation.

On top of this, estate/gift duty applies only in limited circumstances at rates up to 16% and only in respect of Monaco-sited assets: gifts to family members or spouses are taxed at 0%.

VAT applies on services/goods as in France, applicable at the current standard rate of 20%. Some businesses are subject to tax on their net profits at 33.33% but only in certain limited circumstances.

Monaco has entered into various double tax treaties with France, Cyprus, Luxembourg, Qatar, St Kitts and Nevis and the Seychelles. It has also signed Tax Information Exchange Agreements with numerous countries in accordance with OECD principles and does not figure on any so-called black or grey lists.