background image
6.2. Depreciation and Amortization

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%
Industrial buildings  5%
Fixtures and fittings  10%
Office furniture  10% to 20%
Motor vehicles  20% to 25%