Corporate Tax Guide

Monaco

Monaco is a tax-friendly jurisdiction for individuals, as it does not have a general capital gains tax. However, companies are subject to a 25% corporate income tax, with exemptions for those with less than 25% of their revenue from operations in Monaco. Companies are also required to make estimated tax payments throughout the year and file annual tax returns within 3 months of the end of the financial year. The general VAT rate is 20%, with reduced rates for certain goods and services. There is no withholding tax for non-residents or residents on dividends, interest, or royalties in Monaco.

Time of Update — 4/05/2026

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Monaco

Monaco Corporate Tax Brief

PwC World Tax Summary OECD Statistics

Time of Update — 4/05/2026

Corporate Income Tax (CIT)

General CIT Rate:

The corporate income tax rate in Monaco is 25% for companies that derive more than 25% of their revenue from operations outside of Monaco. Companies that do not meet this criterion are generally exempt from CIT.https://gsl.org/en/taxes/monaco/

CIT Return Due Date:

Corporate tax returns in Monaco must be filed annually. The specific due dates can vary, but typically, tax returns are required to be submitted within 3 months following the end of the financial year

CIT Payment Due Date:

The payment of corporate income tax in Monaco is generally due within 3 months of the end of the financial year, coinciding with the tax return filing deadline

CIT Estimated Payment Due Date:

Monaco requires companies to make estimated tax payments throughout the year. These payments are usually based on the previous year's tax liability and are typically made in four installments. The exact dates for these installments are determined by the tax authorities, but they commonly fall at the end of each quarter

Withholding Tax (WHT)

Resident Withholding Tax (Dividend/Interest/Royalty):

N/A

None-Resident Withholding Tax (Dividend/Interest/Royalty):

N/A

Value-Added Tax (VAT)

General VAT Rate:

20%

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Capital Gain Tax (CGT)

General Capital Gain Tax Rate:

Monaco does not levy a general capital gains tax on individuals. This means that residents do not pay taxes on capital gains from the sale of assets such as real estate or investments. However, companies subject to corporate income tax in Monaco will have their capital gains taxed as part of their overall corporate tax liability

Effective Tax Rate (ETR)

Composite Effective Average Tax Rate:

N/A

Composite Effective Marginal Tax Rate:

N/A

Additional info

Monaco Corporate Income Tax (CIT)

Since corporate income tax in Monaco is understood in a broad sense, it can be applied both to companies based in Monaco and to sole proprietors resident in Monaco.
Monaco resident companies and sole proprietors are subject to corporate income tax, taxed at the 25% rate (current CIT rate).

monacoadvisers.com · monaco corporate tax rate

Personal Income Tax

Monaco is known for not taxing personal income.
This means that if you live in Monaco, you will not pay any tax on the money you earn, whether it is your salary, money made from investments, capital gains, or payments for being on a company's board and regardless of their origin

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Transfer Tax

The rate of transfer duty is 4.5% of the market value if the buyer is a private individual or a qualifying Monegasque Personal Civil Company (SCP), and 6.5% for other types of buyers. Notary fees are also added to the total cost of these transactions.

monacoadvisers.com · property tax monaco

[color=rgb(31, 31, 31)]Withholding Tax[/color]

The Withholding Tax Rate in Monaco stands at 0 percent. Withholding Tax Rate in Monaco averaged 0.00 percent from 2022 until 2024, reaching an all time high of 0.00 percent in 2023 and a record low of 0.00 percent in 2023.

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[color=rgb(31, 31, 31)]Withholding Tax[/color]

Value-Added Tax (VAT)

Monaco applies VAT at the same rate as France (20%), covering most goods and services, with specific exceptions and reductions for certain categories. In Monegasque real estate market, VAT mirrors the French system and applies at the standard rate of 20% on property transactions.