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Monaco TIN number guide

VAT number​

VAT number aka Taxe sur la Valeur Ajoutee (TVA) in Monaco consists of 11 digits

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Frequently Asked Questions​

Are French nationals in Monaco exempt from income tax like other residents?​

No. Under the bilateral tax convention signed on 18 May 1963, France taxes its nationals domiciled in Monaco on all their worldwide income, as if they were resident in France. This rule applies regardless of how long a French citizen has lived in Monaco — the only historical exception is French nationals who had continuously resided in Monaco for at least five years prior to 13 October 1962, or who were born in Monaco and have resided there since birth. All other French residents in Monaco must file a French income tax return and pay French income tax, making Monaco's "no income tax" status inapplicable to them. [1] [2]

Which Monaco companies are subject to the Impôt sur les Bénéfices (ISB), and at what rate?​

Monaco's corporate income tax — Impôt sur les Bénéfices (ISB) — applies only to companies conducting industrial or commercial activities in Monaco when more than 25% of their turnover originates outside Monaco's territory, whether directly or indirectly. The standard rate since 1 January 2022 is 25%. Companies earning 75% or more of their revenue inside Monaco pay zero ISB. Newly formed companies benefit from a ramp-up: 0% for years one and two, 6.25% in year three, 12.5% in year four, 18.75% in year five, and the full 25% from year six onward. Intellectual property holding companies — those whose Monaco activity consists of receiving royalties from patents, trademarks, or manufacturing processes — are also ISB-liable regardless of the revenue-origin split. [3] [4]

Does a foreign SaaS or digital services company need to register for VAT in Monaco, and which tax authority handles it?​

Yes. Because Monaco applies French VAT rules under the 1963 Franco-Monegasque Customs Union, there is no registration threshold for non-resident digital service providers selling B2C to customers in Monaco. Foreign businesses must register from their very first sale. Registration is processed through the French tax authority's unit for foreign companies (Service des Impôts des Entreprises Étrangères), not a separate Monegasque body, and the business receives a French VAT number — not a distinct Monaco identifier. Non-EU providers must appoint an accredited fiscal representative in France. B2B digital sales are handled by the buyer via reverse charge and do not trigger a registration obligation for the seller. [5] [6]

How does Monaco's customs union with France affect goods declarations when trading with other EU member states?​

Monaco is treated as part of French customs territory under the 1963 Franco-Monegasque Customs Agreement, which means goods moving between Monaco and France cross no customs border. However, Monaco is not an EU member state, so when a Monegasque business trades goods with any EU country other than France, a DEB (Déclaration d'Échanges de Biens) statistical declaration must be submitted to the French customs administration, not to Monaco. Failure to file these intrastat-style declarations can trigger penalties under French customs law, which applies directly in Monaco. Businesses often miss this obligation when they assume Monaco's non-EU status means no EU reporting requirements at all. [7] [8]

Does Monaco participate in the CRS automatic exchange of information, and will my bank account details be reported abroad?​

Yes. Monaco is a signatory to the OECD Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information and has implemented the Common Reporting Standard (CRS) via Sovereign Ordinance no. 6.208 of 20 December 2016. Monegasque financial institutions must identify accounts held by non-residents and report them annually to the Department of Tax Services, which forwards data to the account holder's home-country tax authority. As of 2025, Monaco exchanges information with 83 reportable jurisdictions. Monaco also signed a protocol with the EU on 13 October 2025 to adopt CRS 2.0, effective from 1 January 2026, which expands reporting to crypto-asset accounts. Treating a Monaco bank account as a confidentiality shield against foreign tax authorities is therefore no longer viable. [9] [10]