Country tax profile · 2026
Monaco VAT / sales tax
How Monaco taxes VAT / sales
Monaco charges a standard VAT/GST of 20% on most goods and services, with reduced rates on some essentials.
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 VAT / sales tax compares
Monaco's VAT / sales tax of 20% is the 27th highest of the 196 countries we track, against a global average of 14.1% and a Europe average of 18.4%.
Countries with a similar VAT / sales tax
Belarus (20%) · Madagascar (20%) · Bulgaria (20%) · United Kingdom (20%) · France (20%) · Turkey (20%)
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
Moving to Monaco?
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What is the VAT / sales tax rate in Monaco?
Monaco charges a standard VAT/GST of 20% on most goods and services, with reduced rates on some essentials.