The Principality of Monaco does
not have any direct income tax, nor land and property.
do not suffer any direct tax on their profits.However,
if more than 25% of a company's turnover is generated
outside of Monaco, then the company is subject to
a 33.33% tax rate.
does have a Value Added Tax (V.A.T.). On most services
and products you purchase this will be only 5.5%,
however some purchases can be 19.6% also. V.A.T.
is also applicable for property sales, but any properties
over 5 years old are exempt from the tax.
There is no inheritance tax if it
is to children or a spouse. For brothers and sisters
it is 8%, Uncles, aunts, neices and nephews is 10%,
other relatives is 13%, and non-related person is
is also tax on the sale of alcoholic beverages.