When calculating Monaco taxable income, assets owned by an enterprise are normally depreciated over their normal useful life using the straight-line or declining-balance methods. Rates for various asset types are based on the standard rates employed for the industry.
The generally accepted rates for various asset types using the straight-line method are as follows:
|Commercial buildings||2 to 5%|
|Fixtures and fittings||10%|
|Office furniture||10% to 20%|
|Motor vehicles||20% to 25%|