Europe
Monaco: tax at a glance
Residents pay no personal income tax, capital-gains tax or wealth tax. Corporate tax applies only to companies earning substantial revenue outside the Principality.
No personal income tax
Last verified
Ways to relocate to Monaco
The residency and citizenship routes that lead here, weighed against the tax picture above.
The taxes
- Personal income (top)
- 0%There has been no personal income tax since 1869. The exception is French nationals, who are taxed by France under the 1963 bilateral treaty.
- Corporate income
- 25% (ISB), and only on companies that draw more than 25% of their turnover from outside Monaco.
- Capital gains
- None (0%).
- VAT / TVA
- 20%
- Dividends (WHT)
- 0%
- Interest (WHT)
- 0%
- Royalties (WHT)
- 0%
- Social security (employee)
- ~10-14%
- Social security (employer)
- ~28-40%
- Wealth tax
- None
- Inheritance / estate
- 0% in the direct line, covering spouses, children and parents. Up to 16% for unrelated heirs, and only on Monaco-situs assets.
- Property tax
- No recurrent property tax. Registration and lease duties run about 1%.
How the system works
- Tax system
- No personal income tax
- Taxes by citizenship
- No
- Exit tax
- No
- CFC rules
- No
- CRS
- Participating
A special regime for new arrivals
Corporate profits tax (ISB) at 25% applies only to companies earning more than 25% of turnover outside Monaco. It was reduced from 33.33% in 2022.
The rates below are indicative headline figures (top marginal, standard, and headline rates), reviewed 2026-07. Brackets, surcharges, and state, provincial or cantonal taxes vary. Treat this as a reference map, not advice.
Sources (2)
Secondary references