Monaco is a tax-friendly jurisdiction for individuals, as it does not have a general capital gains tax. However, companies are subject to a 25% corporate income tax, with exemptions for those with less than 25% of their revenue from operations in Monaco. Companies are also required to make estimated tax payments throughout the year and file annual tax returns within 3 months of the end of the financial year. The general VAT rate is 20%, with reduced rates for certain goods and services. There is no withholding tax for non-residents or residents on dividends, interest, or royalties in Monaco.
Monaco Tax Brief
Time of Update 4/05/2026
Monaco Corporate Income Tax (CIT)
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:
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 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
Monaco Withholding Tax (WHT)
Resident Withholding Tax (Dividend/Interest/Royalty):
N/A
None-Resident Withholding Tax (Dividend/Interest/Royalty):
N/A
Monaco Value-Added Tax (VAT)
General VAT Rate:
20%
Learn More
Monaco Capital Gain Tax (CGT)
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
Monaco Effective Tax Rate (ETR)
Composite Effective Average Tax Rate:
N/A
Composite Effective Marginal Tax Rate:
N/A
Additional info
Quick Navigation
TKEG Expat Monaco Corporate Tax Guide
Monaco Corporate Income Tax (CIT)
Personal Income Tax
Transfer Tax
Withholding Tax
Value-Added Tax (VAT)
1.
Monaco Corporate Income Tax (CIT)
Since corporate income tax in Monaco is understood in a broad sense, it can be applied both to companies based in Monaco and to sole proprietors resident in Monaco.
Monaco resident companies and sole proprietors are subject to corporate income tax, taxed at the 25% rate (current CIT rate).
References
https://www.monacoadvisers.com/monaco-corporate-tax-rate/
2.
Personal Income Tax
Monaco is known for not taxing personal income.
This means that if you live in Monaco, you will not pay any tax on the money you earn, whether it is your salary, money made from investments, capital gains, or payments for being on a company's board and regardless of their origin
3.
Transfer Tax
The rate of transfer duty is 4.5% of the market value if the buyer is a private individual or a qualifying Monegasque Personal Civil Company (SCP), and 6.5% for other types of buyers. Notary fees are also added to the total cost of these transactions.
References
https://www.monacoadvisers.com/property-tax-monaco/
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