Income tax and Capital Gains Tax

There is no income tax,capital gains tax or witholding tax to pay in Monaco for individual residents, with the exception of French nationals that chose to reside in Monaco. 

 Inheritance Tax

There is inheritance tax upon Monaco assets, however Monaco does not inflict this upon assets held outside of Monaco. The inheritance tax rate can vary from 0-16% depending on the realtionship that the received has with the doner. For example there is no inheritance tax between husband and wife if you seek good advice there are ways of minimising inheritance tax.

VAT

Monaco's principal tax revenure comes from VAT applied in accordnace with French rules.The monaco VAT is currently at 19.6%.

N.B. For tax rates for  any commercial or inductrial business being conducted from Monaco  then please refer to the Monaco chamber of Commerca.

The above information on taxes   is to be used a s a guide line only.

We do  strongly recommend that you seek the advice of qualified financial advisors, Notaires or accountants  that can give you professional advice on taxation issues.