Taxes

Monaco — Tax: Income Tax

The baseline personal income tax rate in Monaco is 0%. Individuals who are officially registered as residents of Monaco do not file annual tax returns, nor is any withholding tax applied to local salaries, dividends, director's fees, or pensions. To prevent international tax evasion, Monaco has implemented global standards including the Common Reporting Standard (CRS) to automatically exchange financial account information with foreign tax authorities. For French citizens, French tax law continues to apply directly unless they qualify for narrow historic exemptions under bilateral treaties.

Gouvernement de Monaco - Department of Tax Services · Last verified 2026-07-17

Key Facts

  • The personal income tax rate on all worldwide and local income is 0%.
  • Individual tax returns are not required to be filed by Monégasque residents.
  • French nationals are treated as French tax residents unless they settled in Monaco before October 13, 1962.
  • There is no withholding tax on dividends, interest, or royalties paid to individual residents.
  • Salaries are subject to employee social security contributions but are entirely free of income tax.
  • Monaco participates in the automatic exchange of financial account information (CRS).
  • Tax residency status is strictly vetted and requires an official certificate of tax domicile from the Department of Tax Services.

Filing Requirements

There is no individual tax filing requirement or tax return process for non-French residents. French nationals in Monaco must file their tax returns directly with the French tax administration. Landlord and rental leases must be registered with the Tax Services, incurring a 1% leasehold duty. Tax domicile certificates must be renewed periodically to verify continuous local physical presence. Source: Gouvernement de Monaco - MonServicePublic.

Related Topics

tax-residency
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