Monaco
Taxation in Monaco
Recent forum posts
-
Get Assistance from Top UK Experts for Business Law Case Study Help
Lately, many university students across the UK have been discussing where to get reliable Business Law Case Study Assignment Help, especially when deadlines pile up, and legal concepts feel overwhelming. Business law requires interpreting statutes, understanding real-world disputes, and presenting answers in a structured legal format.As a student who once had difficulty working on a complex ca
Total Posts: 1 Last post by mariahjohn86
-
Get Assistance from Top UK Experts for Business Law Case Study Help
Lately, many university students across the UK have been discussing where to get reliable Business Law Case Study Assignment Help, especially when deadlines pile up, and legal concepts feel overwhelming. Business law requires interpreting statutes, understanding real-world disputes, and presenting answers in a structured legal format.As a student who once had difficulty working on a complex ca
Total Posts: 1 Last post by mariahjohn86
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