Monaco
Taxation in Monaco
Recent forum posts
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SBLC,BG, AVAILABLE.
Sir,We work with established UK-based financial institutions to facilitate access to a variety of bank-issued instruments for qualified clients. These services are available for structured financing, project funding, and trade facilitation. Bank Guarantees (BG) Standby Letters of Credit (SBLC) Documentary Letters of Credit (DLC) Pre-advice and Funds Allocation Messaging
Total Posts: 1 Last post by Georgii07
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#Business Finance, Loan Security, Project Funding, Trade finance, Any Financial Requirement above 1M USD/EURO via BGs/SBLCs/DLCs/LCs/MT799/MT700/MT760 all Cash & Assets Backed and Monetization.
Sir.,I work directly with a very close reliable and effective provider who engage in banking instruments such as BG, SBLC, DLC, LC, and more at lowest prices, can potentially be utilised for various financial needs, including monetisation, project financing, and trade activities.In addition, these instruments can be used as collateral or for participation in Public-Private Partnership (PPP
Total Posts: 1 Last post by Georgii07
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