Tax system


Search
  - Home Page
  - Principality of Monaco
  - Tourism
  - Entertainment in Monaco
  - Congress
  - Events in Monaco
  - Grand Prix Formula 1
  - Shopping in Monte Carlo
  - Invest in Monaco
  - Living in Monaco
    Stay conditions
    Tax system
    Security
  - Monaco Directory
  - Job Monaco
  - Real-Estate in Monaco
  - Hotel booking
  - Restaurants Monaco
  - Bank / Finance
  - Images Monaco
  - Guest Book Monaco
  - Contact us
  - Guides of Monaco
  - Send to a friend
  - Site map

Miells & Partners

Grand Prix Monaco

Tranfert helicopete
Disponible sur iPhone / Available on the iPhone
You are here :

Home

|

Living in Monaco

|

Tax system

Tax system


The main principal of Monaco's fiscal system is the total absence of direct taxation. There are two exceptions to this principal :

    - Companies earning more than 25% of their turnover outside of the Principality and companies whose activities consist of earning revenus from patents and literary or artistic property rights, are subject to a tax of 33.33 % on profits.
    - French nationals who are unable to prove that they resided in the Principality for 5 years before October 31, 1962.

Apart from with France, the Principality has signed no other bilateral fiscal agreements.

IndividualsGeneral view of Monaco - Monte Carlo

Persons residing in Monaco (except French nationals) do not pay tax on income, on betterment or on capital. For French nationals, two distinct categories exist :

    - French nationals who can prove that they resided in Monaco at least 5 years before October 31, 1962 are subject to the same system as other nationalities.
    - Other French residents are subject to French income tax collected by the French administration.

Assets located in Monaco are subject to the following inheritance tax rates :

    in direct line of descendance : 0%
    between brothers and sisters : 8%
    between uncles and nephews : 10%
    between relatives : 13%
    between non-relatives : 16%

Businesses

There is no direct tax on companies apart from the tax on profits mentioned in the previous cases.

Fiscal stamps and registration duties

General view of Monaco - Monte Carlo Fiscal stamps must be obtained for all official civil and judicial acts. In addition, all documents which could be produced as evidence in a court of law must be stamped in order to be valid. Stamp costs are either a fixed fee or depend on the format of the document or the values involved in the acts. Registration duties are collected for the registration of real estate transfers or change of ownership. The most commonly applied rates are as follows :

    1% for leases, subscription or transfer of shares in a company
    6,5% for the sale of real estate
    7,5% for the transfer of goodwill, clientele or real estate

     

La Costa Properties Monaco - Immobilier Monaco

Millefiori - Panoramic sea and Monaco view

Monaco / Le Millefiori
Area : 218 m²
Price :12 500 000 €

Product details

Petrini Exclusive Real Estate Monaco - Immobilier Monaco

2 BEDROOM APARTMENT - LES LIGURES

Monaco / Les Ligures
Area : 299 m²
Price :13 200 000 €

Product details

©2023 Monte-Carlo Multimédia Monaco
Politique de Confidentialité - Conditions Générales d´Utilisation - Avertissement - Signaler une erreur