Monaco Tax Rates
Monaco is famous for levying no personal income tax on its residents, making it one of the world's premier tax havens for individuals. The principality does levy a 25% corporate tax on businesses deriving more than 25% of their revenue from outside Monaco, and applies French VAT rates (20%). Monaco's zero personal income tax has attracted wealthy individuals globally, though French nationals remain subject to French income tax under a 1963 bilateral convention.
Top Income Tax Rate
0%
Corporate Tax Rate
25%
VAT / Sales Tax
20%
Capital Gains Tax
0%
Detailed Tax Information
Income Tax Brackets
Monaco does not levy personal income tax on its residents, regardless of nationality (with the exception of French nationals under the 1963 Franco-Monegasque Convention). There is no tax on salaries, capital gains, dividends, interest, or other personal income. This zero-tax policy has been in place since 1869.
| Income Range | Tax Rate |
|---|---|
| €0+ | 0% |
Corporate Tax
Monaco levies corporate tax (Impôt sur les Bénéfices - ISB) at 25% on companies that derive more than 25% of their turnover from activities outside Monaco. Companies conducting business exclusively within Monaco are generally exempt. The rate aligns with French corporate tax rates under the 1963 convention.
Standard Rate
25%
Capital Gains Tax
Monaco does not levy capital gains tax on individuals. Corporate capital gains are subject to the standard 25% corporate tax if the company is liable for ISB.
Rate
0%
VAT / Sales Tax
Monaco applies the French VAT system under the customs union agreement. The standard rate is 20% with the same reduced rates as France (10%, 5.5%, and 2.1%). VAT collected in Monaco is shared with France.
Standard Rate
20%
Cryptocurrency Tax
As Monaco does not levy personal income tax, cryptocurrency gains are not taxed for individual residents. Corporate crypto activities may be subject to corporate tax if the company is liable for ISB.
Tax Treaties
Monaco has a very limited tax treaty network. The 1963 Franco-Monegasque Convention is the most significant bilateral tax agreement. Monaco has signed Tax Information Exchange Agreements (TIEAs) with numerous countries and participates in the OECD CRS for automatic exchange of financial information.
Treaty Network
2
Double taxation agreements
Major treaty partners:
Key Details
Relocate to Monaco
See how much you could save by moving here from your current country.
+$10K
Tax in United States
$24K
24.4% effective
Tax in Monaco
$14K
14.0% effective
You Save
42.5%
less tax annually
US Citizens: Important Note
US citizens are taxed on worldwide income regardless of residence. You'll still need to file US taxes, though the Foreign Earned Income Exclusion and Foreign Tax Credit may reduce your liability.
