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.
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%
- 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
- Special regime
- Reduced-tax incentives for qualifying new residents and high-net-worth immigrants
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 San Marino?
The top marginal personal income tax rate in San Marino is 35%. Progressive IGR, with 8 bands running from 12–35%. The top rate applies to higher incomes.
What is the corporate tax rate in San Marino?
The headline corporate income tax rate is 17%.
Does San Marino tax capital gains?
Capital gains for individuals: Exempt if shares are held for 12+ months. Otherwise taxable..