NewsCase StudiesEvents

Taxation in Monaco

Monaco

Taxation in Monaco

Recent forum posts

 

  1. Koop kwalitatief goede Nembutal en pijnstillers zonder recept in Europa.

    Koop kwalitatief goede Nembutal en pijnstillers zonder recept in Europa.Koop Alprazolam online zonder recept voor ADHD.Wij gebruiken discrete verpakkingen en verzenden naar alle adressen met een opgegeven trackingnummer.Om te bestellenE-MAIL……smendys207@gmail.comWhatsapp: +44 7737 149552Xanax 2 mgDilaudide 8 mgOxycodon 30 mgSuboxone strip 8 mgAdderall 30 mgHydrocodo

    Total Posts: 1 Last post by Jessie Pharms

  2. Koop kwalitatief goede Nembutal en pijnstillers zonder recept in Europa.

    Koop kwalitatief goede Nembutal en pijnstillers zonder recept in Europa.Koop Alprazolam online zonder recept voor ADHD.Wij gebruiken discrete verpakkingen en verzenden naar alle adressen met een opgegeven trackingnummer.Om te bestellenE-MAIL……smendys207@gmail.comWhatsapp: +44 7737 149552Xanax 2 mgDilaudide 8 mgOxycodon 30 mgSuboxone strip 8 mgAdderall 30 mgHydrocodo

    Total Posts: 1 Last post by Jessie Pharms

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

Click here to Ask an Expert about Taxation in Monaco

Organisations that can assist with Taxation

    You are not logged in!

    Please login or register to ask our experts a question.

    Login now or register.