Monaco flag Monaco:

Presentation of Monaco : Taxation

Value Added Tax (VAT) - Taxe sur la Valeur Ajoutée (Local name)
20% (standard rate). A reduced rate of 10% applies to certain products (pharmaceutical products, water, restaurants, take-away food, hotels, transportation of passengers, certain types of real estate renovations).
Other reduced rates are 5.5% (products and services for the disabled, books (including e-books), most food and drink products, energy) and 2.1% (certain medicines and newspapers).
Exports and related services are zero-rated.
Company Tax :
Corporate tax (if a company has generated more than 25% of its annual income turnover outside the Principality and if the business is established in Monaco):
  • 26,55% for fiscal year beginning as from January 1st, 2021
  • 25% for fiscal years beginning as from January 1st, 2022

Withholding Taxes :
Dividends: 0%, Interests: 0%, Royalties: 0%.
Social Security Contributions Paid By Employers :
Pension Fund for Employees (CAR): 8.07%
Health Insurance for Employees (CCSS): 15.15%
Unemployment Benefit Insurance (ASSEDIC): 4.05%
Supplementary Pension Fund (AMRR): 5.85%
Other Domestic Resources
Department of Tax Services
Ministry of Finance and Economy

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Latest Update: October 2022