Principle
Monegasque nationals and residents in the Principality, with the exception of French nationals under the Bilateral Convention between France and Monaco of 1963, are not liable for income tax.
However, the absence of income tax for natural persons only applies to activities and persons who are truly and genuinely established in the territory of the Principality of Monaco. This fact does not affect rules laid down by other countries.
Inheritance or transfer tax applies to property situated in the territory of the Principality or with situs in Monaco, whatever the domicile, residence or nationality of the deceased person or the donor.
Levels of Taxation
The level of taxation depends on the nature of the relationship between the deceased person and their heir:
Direct filiation between parents and children or spouses |
0 % |
Between brothers and sisters |
8 % |
Between uncles, aunts, nephews and nieces |
10 % |
Between relatives other than brothers, sisters, uncles, aunts, nephews or nieces |
13 % |
Between persons who are not related |
16 % |
Files
See also
See also
Administrative contact
Le Panorama
57 rue Grimaldi
MC 98000 MONACO
Opening hours :
From 9.30 am to 05 pm from Monday to Friday
Phone :
Phone 2 :
Fax :
Administrative contact
Le Panorama
57 rue Grimaldi
MC 98000 MONACO
Opening hours :
From 9.30 am to 05 pm from Monday to Friday
Phone :
Phone 2 :
Fax :