Source-cited draft: tax overview 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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Every figure is drawn from this Tax Guide and cited to its source.
Currency
Euro (EUR)Franco-Monegasque Monetary Convention
Tax authority
Direction des Services Fiscaux (Department of Tax Services), Le Panorama, 57 rue Grimaldi, MC 98000 MonacoDirection des Services Fiscaux (https://monentreprise.gouv.mc/en/themes/accounting-obligations-and-tax/tax/other-taxes-and-duties/corporate-income-tax)View source ↗
Personal income tax on resident individuals
0%Sovereign Ordinance of 1869 (abolition of direct personal taxation)
Exception — French nationals
French nationals resident in Monaco (other than those settled before 13 Oct 1962) remain liable to French income taxFranco-Monegasque Tax Convention of 18 May 1963
Headline corporate profits tax (ISB) rate
25%Sovereign Ordinance no. 3.152 of 19 March 1964 (Impot sur les Benefices) (https://monentreprise.gouv.mc/en/themes/accounting-obligations-and-tax/tax/other-taxes-and-duties/corporate-income-tax)View source ↗
VAT/GST
20%Franco-Monegasque Customs Convention of 18 May 1963; French Code general des impots (TVA)
Wealth, property and capital gains tax on individuals
None — no annual wealth tax, no residential property tax and no capital gains tax on individuals ((approx — confirm scope))Monaco tax code (absence of direct personal taxation)
Basis of taxation
Territorial for companies (profits tax bites only where >25% of turnover is non-Monaco); residence/source largely irrelevant for individuals as there is no personal income taxSovereign Ordinance no. 3.152 of 19 March 1964
Main annual corporate tax filing deadline
Within 3 months of the financial year-end (e.g. 31 March for a 31 December year-end) ((approx — confirm with Direction des Services Fiscaux))Sovereign Ordinance no. 3.152 of 19 March 1964
Rendered from the canonical facts model. General reference only — confirm with a qualified professional before acting.
Monaco is a low-tax principality with no personal income tax on residents (other than French nationals under the 1963 bilateral treaty), but it does levy corporate profits tax and applies the French VAT regime through a customs union. The euro is the currency and the tax authority is the Direction des Services Fiscaux.
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Other Monaco computations in the OpenAccountants Tax Library.