Country tax profile · 2026
Monaco income tax
How Monaco treats income
Monaco has levied no personal income tax on its residents since 1869. Salaries, capital gains, rental income from outside Monaco and investment dividends are all received gross, which is why the Principality is one of the densest concentrations of wealth on earth.
Compiled by MyNomadWorld for Monaco and currently being re-verified against primary sources. Confirm with a local adviser before relying on it.
How Monaco's income tax compares
Monaco's top income tax of 0% is the 180th highest of the 197 countries we track, against a global average of 27.9% and a Europe average of 30.8%.
Countries with a similar income tax
Vatican City (0%) · United Arab Emirates (0%) · Qatar (0%) · Bahrain (0%) · Oman (0%) · Saudi Arabia (0%)
Who is a tax resident of Monaco?
Residence obtained via a carte de sejour: proof of accommodation in Monaco plus sufficient financial means (bank deposit typically 500,000 EUR+); genuine residence (usually 183+ days / main home in Monaco). French nationals remain taxable in France under the 1963 bilateral convention.
Related Monaco taxes
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What is the income tax rate in Monaco?
Monaco has levied no personal income tax on its residents since 1869. Salaries, capital gains, rental income from outside Monaco and investment dividends are all received gross, which is why the Principality is one of the densest concentrations of wealth on earth.