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Monaco: Taxes and Costs

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Last Updated: May 31, 2006

Monaco has no income tax or CGT

Persons residing in Monaco (except French nationals) do not pay tax on income. There are no taxes on capital, either. The Principality did away with all forms of personal income tax in 1870. The exception to this rule is the case of French nationals who are unable to prove that they resided in the Principality for 5 years before October 31, 1962.

There is no capital gains tax, except for French residents.

 

Monaco - more data and information

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