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Income tax in Monaco 2026
Monaco has charged no personal income tax since 1869 — 0% on salaries, professional fees, investment income and everything else personal, with no return to file.
Two carve-outs matter: French nationals stay under French income tax by treaty, and an individual's commercial business pays the 25% profits tax once more than 25% of its turnover arises outside Monaco.
At a glance
- top rate
- 0%
- entry band
- 0%
- tax year basis
- Calendar year (business activity only)
- filing deadline
- No personal return; business filers follow the profits-tax calendar
- residency basis
- No income tax for residents or non-residents, any nationality except French
- regime flag
- French nationals: French income tax under the 1963 treaty
Rates
Personal income taxation (2026)
| Rate | Base | Applies to |
|---|---|---|
| 0% | — | Salaries, wages, bonuses, pensions and all employment income |
| 0% | — | Personal investment and rental income |
| 25% | Business profits | Individuals running a commercial or industrial business earning over 25% of turnover outside Monaco |
| French scale | Worldwide income | French nationals resident in Monaco (post-1962 arrivals), by treaty |
Thresholds & allowances
- Foreign-turnover line25% of turnover
Businesses earning at least 75% of turnover inside Monaco stay outside the profits tax entirely
Residency
Residency trigger
Residence matters for permits and banking, not for income tax — nobody files a personal return. The exception is nationality-based: French citizens who settled after 1962 are taxed by France as if still domiciled there, unless they can show habitual Monaco residence for the 5 years to 12 October 1962 (or have always lived in Monaco).
Non-resident treatment
Non-residents pay exactly the same personal income tax as residents: none — including on Monaco-source earnings.
Notes
- There is no payroll income tax withholding and no personal filing obligation anywhere in the principality.
- The 1963 France-Monaco treaty has no residence tie-breaker, so a person counted as French-resident under French domestic law can face French income tax and social charges despite living in Monaco.
- Children of French nationals who have always lived in Monaco escape the French-taxation rule.
- Your previous home country's exit and trailing rules are the real planning question — Monaco's side adds 0%.
FAQ
Is there income tax in Monaco?
No — 0% on personal income for residents and non-residents alike, with no return to file; the rule has stood since 1869.
Do French citizens pay tax in Monaco?
They pay French tax: the 1963 treaty lets France tax French nationals who settled in Monaco after 1962 as if they were still French residents.
When does a Monaco resident pay any income-type tax?
Only through business: a commercial or industrial activity earning more than 25% of its turnover abroad pays the 25% business profits tax on those profits.
Figures: tax year 2026, compiled from public sources. Not tax advice.