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.
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%
- 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
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.
Frequently asked
What is the income tax rate in Monaco?
The top marginal personal income tax rate in Monaco is 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.
What is the corporate tax rate in Monaco?
The headline corporate income tax rate is 25% (ISB), and only on companies that draw more than 25% of their turnover from outside Monaco..
Does Monaco tax capital gains?
Capital gains for individuals: None (0%)..