Monaco Tax Guide
This page includes citations to the sources used for this entry. Always verify with official sources before making decisions.
Personal Income Tax
Tax Residency
Income Tax Rates
Foreign Income Treatment
Investment Income
No capital gains tax for individuals
Wealth & Inheritance
Practical Notes
French citizens remain subject to French income tax. High cost of living and property. Minimum €500,000 bank deposit typically required for residency.
Business & Corporate Tax
Corporate Income Tax
Withholding Taxes
VAT / GST
Compliance & Substance
Notable Regimes
- Startup relief program
- R&D tax credit 30%
Data Sources
Last updated: January 2025. Always verify with official sources before making decisions.
FAQ
What is the personal income tax rate in Monaco?
Monaco has a top personal income tax rate of 0%. The tax structure is: No personal income tax (except French citizens). See the detailed breakdown above and verify with official sources.
Do I need to pay tax on foreign income in Monaco?
Monaco uses a exempt system for foreign income. No tax on personal income for residents (except French citizens under 1963 treaty)
What are the residency requirements for Monaco?
Tax residency in Monaco generally requires 183 days of physical presence. 183 days required for tax residency; must demonstrate sufficient means and accommodation. Always verify current rules with official sources.
Is there a wealth tax in Monaco?
No, Monaco does not have a wealth tax. No wealth tax
What is the corporate tax rate in Monaco?
The corporate tax rate in Monaco is 25%. 25% only if >25% turnover from outside Monaco or IP-related income; 0% if ≥75% turnover in Monaco