Monaco Personal Income Tax
Detailed personal income tax rates and rules for Monaco.
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 (EUR) | Tax Rate |
|---|---|
| €0+ | 0% |
Filing Deadline
Not applicable (no personal income tax)
Residency Rule
To become a Monaco resident, individuals must obtain a residence permit by proving accommodation in Monaco (ownership or long-term lease) and demonstrating sufficient financial resources. Residency does not require physical presence for a specific number of days, but one must maintain a genuine connection to Monaco.
Additional Notes
French nationals residing in Monaco are taxed by France under the 1963 bilateral convention as if they were French tax residents. Monaco residency requires a rigorous application process including background checks and proof of financial means. Minimum bank deposits and housing costs make Monaco residency primarily accessible to high-net-worth individuals.