'%3e%3cpath%20fill='%23eee'%20d='m0%20256%20258.2-43.3L512%20256v256H0z'/%3e%3cpath%20fill='%23a2001d'%20d='M0%200h512v256H0z'/%3e%3c/g%3e%3c/svg%3e)
Monaco tax guide 2026
Monaco abolished income tax in 1869 and never brought it back: salaries, investments, capital gains, crypto and wealth are all untaxed, for residents and non-residents of every nationality — except the French, whom a 1963 treaty keeps inside French taxation. What exists instead: social contributions of roughly 13% (approximate — rates and ceilings vary by scheme and worker category) for employees, a 25% profits tax on businesses earning over a quarter of turnover abroad, and an inheritance tax of 0-16% that touches only Monaco-situated assets passing outside the direct family.
- Rate range
- 0% personal income tax
- Key allowance
- Not needed — there is no personal income tax to shelter from
- Tax year
- Calendar year (relevant only to business activity)
- Filing deadline
- No personal tax return exists
Taxes covered
- Income tax0%
No personal income tax on any salary or investment income; only business activity with over 25% foreign turnover meets the 25% profits tax.
- Dividend tax0%
No tax on dividends or interest, domestic or foreign, and no withholding on payments leaving Monaco.
- Capital gains tax0%
No capital gains tax for individuals on any asset; property transfers carry registration duties instead.
- Crypto tax0%
No income tax means no tax on crypto gains, swaps or staking for individuals — French nationals excepted.
- Social security≈13%
Employees pay about 13%: 6.85% pension (capped), roughly 4-9.7% supplementary pension by band, and 2.40% unemployment — health is employer-funded.
- Inheritance tax0% – 16%
Only Monaco-situated assets are taxed, by kinship: 0% for spouses and the direct line, 8% siblings, 10% nephews, 13% other relatives, 16% unrelated.
- Withholding tax0%
No withholding taxes exist — dividends, interest, royalties, fees and salaries are paid gross to anyone, anywhere.
Special regimes
- 0% on everything personal
No tax on salaries, rents received, dividends, interest, capital gains, crypto or wealth — and no personal tax return, for any nationality except French.
- The French exception
French nationals who moved to Monaco after 1962 pay French income tax as if they never left — and post-1988 arrivals face the French real-estate wealth tax too.
- Business turnover line
Run a commercial or industrial business earning more than 25% of turnover outside Monaco and those profits meet the 25% business profits tax.
- Family estates pass free
Inheritance tax applies only to Monaco-situated assets — at 0% for spouses and the direct line, rising to 16% only for unrelated heirs.
Recent changes
- 2026-01The unemployment-contribution ceiling rose to EUR 16,020 a month, and the new addendum to the international account-information exchange framework took effect.
- 2025-10The pension-contribution ceiling rose to EUR 6,112 a month and the supplementary-scheme bands to EUR 3,971 and 31,768.
- 2024-01Monaco's own supplementary pension scheme replaced employees' former affiliation to the French supplementary schemes, funded 60% by employers and 40% by employees.