Europe
San Marino: tax at a glance
A low-tax microstate: progressive income tax up to 35%, a 17% corporate rate, no VAT (a single-stage import tax applies instead), and no wealth or inheritance tax for direct heirs.
Worldwide (residence-based)
Last verified Some figures indicative
Ways to relocate to San Marino
The residency and citizenship routes that lead here, weighed against the tax picture above.
The taxes
- Personal income (top)
- 35%Progressive IGR, with 8 bands running from 12–35%. The top rate applies to higher incomes.
- Corporate income
- 17%
- Capital gains
- Exempt if shares are held for 12+ months. Otherwise taxable.
- VAT / Imposta monofase (IGC)
- No VAT. A single-stage import tax, the imposta monofase, applies instead, at around 17%.
- Dividends (WHT)
- 5%
- Interest (WHT)
- 13% on loans to non-residents. Around 4% on bonds.
- Royalties (WHT)
- 20%
- Social security (employee)
- ~8.3%
- Social security (employer)
- ~27%
- Wealth tax
- None
- Inheritance / estate
- None for direct heirs.
- Property tax
- Modest registry and property taxes
How the system works
- Tax system
- Worldwide (residence-based)
- Foreign income
- Taxed (worldwide)
- Taxes by citizenship
- No
- Exit tax
- No
- CFC rules
- No
- CRS
- Participating
A special regime for new arrivals
Residenza atipica offers a 7% substitute tax on foreign-source income, with a minimum of EUR 10,000 and a maximum of EUR 100,000 per year.
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.