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Dividend tax in Monaco 2026
Dividends and interest reach Monaco residents with 0% local tax — whatever the source country — and payments out of Monaco carry no withholding either.
At a glance
- top rate
- 0%
- entry band
- 0%
- tax year basis
- Not assessed
- filing deadline
- None
- residency basis
- Same for residents and non-residents
- regime flag
- French nationals: French flat tax applies instead
Rates
How investment income is taxed (2026)
| Rate | Base | Applies to |
|---|---|---|
| 0% | — | Dividends and interest received by individuals, Monégasque or foreign source |
| 0% | — | Dividends and interest paid out of Monaco — no withholding |
| French rules | Worldwide investment income | French nationals resident in Monaco |
Residency
Residency trigger
Residence is irrelevant — no personal tax on investment income exists.
Non-resident treatment
Identical: 0%, with no withholding on outbound payments.
Notes
- Foreign payers may still withhold their own tax at source — Monaco's small treaty network (about a dozen agreements) rarely helps reclaim it.
- The old withholding on Monégasque interest paid to European Union residents ended in 2017, replaced by automatic exchange of account information.
- Monégasque banks report account data internationally under the common reporting framework — privacy from tax authorities is not part of the offer.
FAQ
Are dividends taxed in Monaco?
No — 0% on dividends and interest for individuals, from any source, with no withholding when income is paid out of Monaco.
Does Monaco report bank accounts to other countries?
Yes — since 2017 Monaco exchanges account information automatically with the European Union and dozens of partner states; the 0% tax comes with full transparency.
Figures: tax year 2026, compiled from public sources. Not tax advice.