Monaco: sourced answers
2 answers to specific questions — each with a verbatim quote from an official source and a link to it.
Every answer is checked against a verbatim quote from a stored copy of its source and has passed an independent review. This is reference information, not legal advice: rules change, and the outcome depends on your circumstances.
Taxes in a country
From what year does the country exchange account data under CRS
This matters because of automatic exchange: Monaco takes part in CRS and, since 2018, has reported account data to its holders' countries of tax residence.
«JURISDICTIONS UNDERTAKING FIRST EXCHANGES BY 2018 (51) Andorra, Antigua and Barbuda, Aruba, Australia, Austria, Azerbaijan3, Bahamas, Bahrain, Barbados, Belize, Brazil, Brunei Darussalam, Canada, Chile, China, Cook Islands, Costa Rica, Curaçao, Dominica, Greenland, Grenada, Hong Kong (China), Indonesia, Israel, Japan, Lebanon, Macau (China), Malaysia, Marshall Islands, Mauritius, Monaco, Nauru4, New Zealand, Niue4, Pakistan3, Panama, Qatar, Russia, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Samoa, Saudi Arabia, Singapore, Sint Maarten, Switzerland, Trinidad and Tobago4, Türkiye, United Arab Emirates, Uruguay, Vanuatu JURISDICTIONS UNDERTAKING FIRST EXCHANGES BY 2019 (2) Ghana3, Kuwait5 JURISDICTIONS UNDERTAKING FIRST EXCHANGES BY 2020 (3) Nigeria3, Oman5, Peru3 JURISDICTIONS UNDERTAKING FIRST EXCHANGES BY 2021 (3) Albania3, 7, Ecuador3, Kazakhstan6 JURISDICTIONS UNDERTAKING FIRST EXCHANGES BY 2022 (2) Jamaica3, Maldives3 JURISDICTIONS UNDERTAKING FIRST EXCHANGES BY 2023 (3) Jordan4, 6, Monte»
Source: oecd.org/content/dam/oecd/en/networks/global-forum-tax-transparency/aeoi-commitments.pdf · source copy as of 2026-10-03
Is an annual net wealth tax levied on individuals (threshold and rates are in the answer wording)
There is no net-asset tax
«There is no wealth tax, land tax or housing tax in the Principality. taxatiOn Of natural pErSOnS Monegasques and residents of Monaco, apart from French nationals governed by the Franco- Revenue from this withholding tax is paid eve- Monegasque Bilateral Convention of 1963, are ry year to the States of residence of beneficial not subject to income tax in the Principality. owners receiving interest, in accordance with the provisions of the aforementioned Convention. However, the absence of personal income tax only concerns activities and persons actually taxatiOn Of EntErpriSES and tangibly established on Principality territory. corporation tax This position therefore does not infringe any Enterprises carrying out industrial or commer- rules laid down by other States. cial activities and generating more than 25% of Inheritance tax or tax on donations applies to their turnover outside Monaco, whatever their property located on Principality territory or legal form, are liable for corporation tax (Impôt which has its tax base there, whatever the»
Source: documents.gouv.mc · source copy as of 2026-10-03
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