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8.1.2. Other Taxes

The following table provides an overview of other taxes that may be imposed on a company doing business in the country.

Tax Type Rate(s) Notes
Capital Duty 1.50% A registration duty of 1% is levied upon the constitution of a Monaco company and on any subsequent capital contributions. A 0.5% duty applies to the issuance of corporate bonds.
Payroll Tax NIL There is no payroll tax separately due by companies on their total payroll expenditure. Employers are required to withhold income tax and social security premiums on behalf of their employees under the PAYE system.
Social Security Employer Contribution 27.15% Social security contributions are based on gross salaries paid to the employees. Premiums for health insurance and family allowances are paid by employers only. The social security contribution rates for employers are as follows: Health insurance and family allowances (CCSS) – 14.75%, Pension (CAR) – 8.35% and Unemployment – 4.05%. Health insurance and family allowances contributions are based on gross monthly salary, subject to a monthly contribution basis caps equal to EUR 8,800, monthly cap for pension is EUR 5,048, and EUR 13,712 for unemployment.
Social Security Employee Contribution 6.85%, 2.40% Pension insurance (CAR) at a rate of 6.85% on a monthly salary up to EUR 5,048. Unemployment insurance premiums at a rate of 2.40% on a monthly salary up to EUR 13,712.
Property Tax NIL There are no property taxes in Monaco.
Transfer Tax Varies Registration duties are levied on formalities to register transfers in Monaco. Registration fees are levied at either a fixed rate or a proportional rate, depending on the nature of the document. The fixed-rate fee is usually EUR 10. Transfer of real estate in Monaco is subject to registration duty of 7.5% on the transfer price, including expenses. Property sales are subject to a proportional duty at the rate of 4.5% when carried out for the benefit of persons who meet the criteria of transparency as prescribed by law. The duty is also applicable to offshore companies that transfer real estate located in Monaco. Legal entities or companies that are the registered owners of real estate in Monaco must appoint an authorized tax representative. The transfer of shares held in companies whose assets mainly consist of land and buildings located in Monaco is subject to a registration duty at a rate of 6.5%. The transfer of an enterprise (including goodwill, leaseholds and trademarks) is subject to a registration duty at a rate of 7.5%. A 1% registration duty is levied on the transfer of registered shares in Monaco companies.
Stamp Duty Varies Stamp duty is levied on all documents used for civil and legal purposes and for documents that are required as legal proof in court. Stamp duty is either applied at a fixed rate or according to the size of paper used.
Excise Taxes --- As regards excise duty, Monaco is deemed to be a part of France.
Customs Duty --- Although Monaco is not a member of the European Union, it is part of the EU customs territory through an agreement with France.