Source-cited draft: personal income tax for Monaco (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.
Source-cited draft.Written from sources but not reviewed by a licensed practitioner, so it may be incomplete or wrong. General reference only; don't file or take a position on it without professional review.
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Use OpenAccountants for Personal Income Tax in Monaco.
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Every figure is drawn from this Tax Guide and cited to its source.
General principle
Monaco does not levy personal income tax on individuals resident in the Principality — a defining feature since 1869. The only major exception is French nationals, who remain within the French tax net under the 1963 bilateral convention.
Personal income tax on resident individuals
0%Sovereign Ordinance of 1869 (abolition of direct personal taxation)
Income tax bands / brackets
NoneMonaco tax code (absence of personal income tax)
Tax-free threshold
Not applicableMonaco tax code (absence of personal income tax)
Non-resident individuals
No Monaco personal income tax; non-residents are taxed in their own country of residenceMonaco tax code (absence of personal income tax)
French nationals resident in Monaco
Subject to French income tax as if resident in France, unless habitually resident in Monaco since before 13 October 1962 ((approx — confirm article))Franco-Monegasque Tax Convention of 18 May 1963, Article 7
Residence test / proof of residence
Residence is established by a Monaco residence card (carte de sejour); broadly requires presence of more than 183 days per year or Monaco as the main home, plus accommodation and means of support ((approx — confirm day-count rule))Monaco residency regulations (carte de sejour)
Capital gains tax on individuals
None (0%) on individualsMonaco tax code (absence of personal capital gains tax)
Inheritance / gift duty — direct line (parent-child, spouse)
0%Monaco registration and inheritance duty rules
Inheritance / gift duty — unrelated persons
16%Monaco registration and inheritance duty rules
Personal income tax return / filing deadline
No personal income tax return is filed in Monaco by residents (no personal income tax exists)Monaco tax code (absence of personal income tax)
Rendered from the canonical facts model. General reference only — confirm with a qualified professional before acting.
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Other Monaco computations in the OpenAccountants Tax Library.