Monaco taxes 2026: income tax, corporate tax, duties

There is no income tax in Monaco for Monegasques or for residents (French nationals pay it in France), but the principality does have taxes, and they are worth knowing before you move: VAT, a profit tax, duties on buying and renting a home, inheritance tax. We at Vibe South of France gathered them from the official portals of the Monaco government (MonServicePublic, MonEntreprise, gouv.mc) and from the text of the law on Légimonaco (Monaco’s official legislation website); we read the pages on 25 October 2026. We are not tax advisers: for amounts and your own case, go to the tax department or a notary. You can talk to people who live near Monaco in the “Vibe South of France” community chat on Telegram - Monaco, Nice, Menton and the whole South of France, where there are 700+ members.

Monaco taxes at a glance

Does Monaco have income tax?

No: Monaco levies no income tax on Monegasques or on residents, and French nationals pay it in France under Article 7 of the 1963 convention. The government portal puts it this way: Monegasques and residents of the principality, “with the exception of French nationals, who are regulated by the 1963 Bilateral Convention between France and Monaco”, pay no income tax (MonServicePublic, “Tax in Monaco”, updated 27 August 2026). According to the same portal, it all goes back to an ordinance of Prince Charles III in 1869.

The exemption comes with two conditions, and both are easy to miss. First, it covers only those who are “genuinely established in the Principality of Monaco”, people who have really settled in Monaco rather than merely being registered there. Second: “It does not affect rules applied by other States”. Monaco does not tax your income, but that decision binds your own country’s tax office to nothing.

Which leads to a practical point for many of our people. If you live in France and commute to work in Monaco, the exemption for Monaco residents does not apply to you, and your taxes are covered on our page taxes in France. There are plenty of such commuters: more than 16,000 of Monaco’s private-sector employees live in Nice, about 7,300 in Menton and 5,709 in Beausoleil (IMSEE, Monaco’s statistics office, 2025).

What taxes do citizens of Russia, Ukraine, Belarus and Kazakhstan pay in Monaco?

The same as every other resident: the portal names separate rules only for French nationals (MonServicePublic, 27.08.2026). Monaco has no double taxation treaties with Russia, Ukraine, Belarus or Kazakhstan, and none of these countries appears on the gouv.mc list in any form. What you owe your own country’s tax office is decided by that country’s rules, not by Monaco.

Is there a wealth tax or a property tax?

Monaco has no wealth tax, no annual property tax and no council tax: “There is no wealth tax, annual property tax or council tax” (MonServicePublic, 27.08.2026). The same page says that the only direct tax in the principality is the tax on profits from commercial and industrial activity.

So owning a flat in Monaco costs you no yearly tax. You pay at the moment of the deal: a duty when you buy, or 20% VAT if a developer sells a new building within its first five years; transactions without VAT, according to MonEntreprise, are usually subject to duty. Both are covered two sections below.

What is Monaco’s corporate tax?

Corporate tax in Monaco is the ISB (impôt sur les bénéfices), charged at 25%, and not every company pays it. According to MonEntreprise (updated 03.08.2026), it applies to commercial and industrial companies that earn “more than 25 % of their turnover outside Monaco”, over a quarter of their turnover beyond Monaco’s borders. The legal form makes no difference. The text of Sovereign Ordinance No. 3.152 of 19 March 1964 itself (Légimonaco) words the threshold slightly differently, “25 % au moins”, that is, no less than 25%, so a borderline case is best checked with the tax department.

The ISB rate came down four years in a row (MonEntreprise, 03.08.2026):

New companies with a genuinely new activity pay the ISB on a sliding scale (MonEntreprise, 03.08.2026):

Administrative offices are, as a rule, taxed at a lower rate on a fixed base (“generally, taxed at a reduced rate on a fixed basis”). Companies with income from patents, trademarks and copyright pay the ISB separately, whatever share of their turnover lies outside Monaco (MonEntreprise; Ordinance No. 3.152, Article 1).

What is the VAT rate in Monaco?

VAT in Monaco is charged under the same rules and at the same rates as in France (“on the same basis and at the same rate as in France”, MonEntreprise). That page of the portal does not list the general rates, so we don’t copy them here either.

Property comes with an important detail. According to MonEntreprise (27.08.2026), “The rate of taxation for VAT is 20 % for property transactions”, and VAT applies automatically to sales of building plots and of buildings within five years of their completion. The seller pays it. If you buy a new flat from a developer in a building less than five years old, the price includes 20% VAT.

What duties do you pay when buying or renting a home?

Here the official texts disagree, and we show both versions without choosing for you.

The consolidated text of Law No. 580 of 29 July 1953 on Légimonaco, for deeds submitted for registration from 1 October 2023 (after Law No. 1.548 of 6 July 2023), gives three rates for buying property:

For the 4.75% rate, the société civile must be registered in Monaco, must not be an anonymous company or a limited partnership, and its members must act in their own name.

The government’s “Registration Duty” page (MonServicePublic, updated 28.07.2026) has different figures. Its heading reads “Duty of 6.5 % on the sale of real estate”, and below it come 4.5% “instead of 6.5%” for buyers who meet the transparency criteria, and 7.5% in other cases. The overview page adds that the usual proportional rates run from 0.5% to 7.5%, plus a fixed duty of €10. Which figure applies to your deal, the notary will tell you, and it is best to ask before you sign.

Other registration duties (MonServicePublic, 28.07.2026):

A lease is registered with the Monaco tax office, and the registered lease then serves as proof of housing for a residence card (details on our page moving to Monaco). Which party pays that 1%, the page does not say, and we have not checked.

What is inheritance tax in Monaco?

Inheritance and gift tax in Monaco is paid only on property located in Monaco, wherever the deceased person or the donor lived and whatever their citizenship: “whatever the domicile, residence or nationality of the deceased person or the donor” (MonServicePublic, “Inheritance tax”, updated 30.07.2026), subject to the 1950 Franco-Monegasque convention (Tax in Monaco, 27.08.2026). The rates of inheritance and gift tax in Monaco (MonServicePublic, 30.07.2026):

The 10% rate between uncles or aunts and nephews or nieces also appears in Law No. 580 (Article 16). The page gives no deadline for filing the declaration, but it does provide the form “Formule de déclaration de mutation par décès” and the tax department’s phone number.

Which countries have double taxation treaties with Monaco?

On the list of agreements on gouv.mc, Monaco has full double taxation treaties with France (1963), Guernsey, Luxembourg, Mali, Malta, Mauritius, Montenegro (09.03.2023), Qatar, Saint Kitts and Nevis, the Seychelles, the UAE (signed 13.11.2021) and Liechtenstein. With the other countries on the list, Italy among them, it has tax information exchange agreements, and with Germany an agreement on tax assistance.

Andorra appears on the gouv.mc list only with an information exchange agreement (12.05.2011), but the Andorran government reports that a full Andorra-Monaco double taxation treaty covering taxes on income and on capital was signed on 1 December 2022 and entered into force on 22 July 2023 (govern.ad, edict of 23.10.2023). Russia, Ukraine, Belarus and Kazakhstan do not appear on the list in any form.

Monaco’s tax department: where to go

The Direction des Services Fiscaux receives visitors in the Le Panorama building, 57 rue Grimaldi, Monday to Friday from 9:30 to 17:00; we checked the address, hours and phone number against the portal on 25 October 2026. The page gives no email address, only the phone numbers +377 98 98 81 21 and +377 98 98 81 22. Since 2 July the Duty Division has received visitors separately, at Terrasses de Fontvieille, 24/26 rue du Gabian (the same contact block on the portal).

• Direction des Services Fiscaux (tax department)Le Panorama, 57 rue Grimaldi, Monaco · Mon-Fri 9:30-17:00 · tel. +377 98 98 81 21

  Monaco levies no income tax on Monegasques or on residents who have genuinely settled in the principality; French nationals pay it in France (1963 convention). Since 2 July the Duty Division has received visitors separately, at Terrasses de Fontvieille, 24/26 rue du Gabian; the declaration forms are on the portal.

  Official site - Direction des Services Fiscaux (tax department) →

What we didn’t find

• which purchase duty rate is correct today: the law and the portal page disagree (4.75% against 4.5%, with 6.5% in the heading);
• whether income from letting a flat in Monaco is taxed, and who pays the 1% on a lease;
• the general VAT rates on Monaco’s own page: the portal refers to the French rules;
• the deadlines for the inheritance declaration.

Our chat and Monaco

Vibe South of France is a Russian-speaking community on Telegram with 700+ members: Monaco, Nice, Menton and the whole South of France. We have no data of our own on Monaco’s taxes, and we say so plainly. Monaco has come up in 13 chat messages since May 2025, and not one of them was a practical question, about taxes or anything else.

What we do have is people living close to the principality, in Nice and Menton, many of whom commute there to work. In the chat you can ask which notary someone bought a flat through and what rate they were quoted, how a lease was registered, who people turned to with tax questions. Say that you are in Monaco or planning to move there, and our people will find you.

“Vibe South of France” community chat on Telegram - Monaco, Nice, Menton and the whole South of France

See also

• Moving to Monaco: residence permit, visa D, citizenship
• Russians in Monaco: a guide for our people
• Healthcare, schools and housing in Monaco
• Taxes in France: income tax, residency, freelancers
• Nice: a guide for our people
• Menton: a guide for our people
• Côte d’Azur
• Moving to the South of France: documents step by step