Monaco
Taxation in Monaco
Recent forum posts
-
Academic Writing Services
Quality Dissertation is well known for delivering high quality assignment writing help, dissertation writing help, coursework writing help and essay writing help to UK university and college students. Our academic assistance service comes at a very affordable price. With a team of writers, specialised in different subject areas, we are able to assist all students for different field of studies.
Total Posts: 9 Last post by jasminandeson31
-
Human Resource Assignment Help
Looking for top-notch Human Resource assignment help? Look no further than MyAssignmentHelp.co.uk! Our platform offers comprehensive assistance tailored to your HR needs. Whether you're tackling topics like recruitment, employee training, performance evaluation, or organizational behavior, our expert team is here to guide you
Total Posts: 1 Last post by ameliawillson
Taxation in Monaco
Personal Tax
The fiscal year is 1 January to 31 December. There is no personal income tax for non citizens.
Corporate tax
The tax on business profits is 33.33%. For a newly incorporated business reduced tax rates apply:
- First 2 years - 0% payable
- Third year - tax calculated on 25% of the reduced profits
- Fourth year - tax calculated on 50 % of the reduced profits
- Fifth year - tax calculated on 75 % of the reduced profits
- Sixth year - tax calculated on 100 % of the reduced profits
What is the VAT equivalent in Monaco?
It is the same as France. The French equivalent is TVA (taxe sur la valeur ajoute). There are three rates:
9,6% - Normal
5,5% - reduced rate e.g. charged by the water board, artisans renovating a house older than two years old
2,1% - Super-reduced rate: very rare
How do I file my VAT returns?
You can either submit the returns manually to:
Department of Finance and Economy
Tax Services Department
Main Tax Office
Le Panorama
57 rue Grimaldi
BP 475 - 98012 Monaco CEDEX
Tel: +377.98.98.81.06
+377.98.98.20.62
+377.98.98.81.40
+377.98.98.20.91
Fax: +377.98.98.81.55
Or, you can use the new online service, which is free of charge. You can declare and pay your VAT on line via the secure website www.secure.gouv.mc/etva