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MC Tax 2019

Monaco Tax Tables 2019 - Tax Rates and Thresholds in Monaco

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This page contains the tax table information used for the calculation of tax and payroll deductions in Monaco in 2019. These tax tables are used for the tax and payroll calculators published on iCalculator™ MC, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Monaco or would like to add to or suggest amendments to the information herein then please contact us.

Monaco Personal Income Tax Tables in 2019

The Income tax rates and personal allowances in Monaco are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Monaco Tax Calculator 2019.

Monaco Residents Income Tax Tables in 2019
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
0%Flat rate on all taxable income
Monaco Non-residents Income Tax Tables in 2019
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
0%Flat rate on all taxable income

Monaco Social Security and Payroll Deduction Rates in 2019

In Monaco, both employees and employers are subject to various social security contributions and payroll deductions. These contributions are pivotal in funding the principality’s comprehensive social welfare system, which provides a wide range of benefits to its residents. The system is designed to support individuals and families at different stages of life and in various circumstances, contributing to the overall well-being and financial security of the community.

Monaco Social Security in 2019: Rates for Employers and Employees
CategoryEmployeeEmployerTotal
Basic State Pension Contribution6.55%8.03%14.58%
Unemployment Contribution2.4%4.05%6.45%
Sickness Contribution and Family Allocation0%15.05%15.05%
Monaco Social Security and Payroll Deduction in 2019: Earnings Thresholds for Employers and Employees
CategoryEmployeeEmployer
Min.Max.Min.Max.
Basic State Pension Contributionn/a€ 58,752.00n/a€ 58,752.00
Unemployment Contributionn/a€ 162,096.00n/a€ 162,096.00
Sickness Contribution and Family Allocationn/an/an/a€ 103,200.00

Monaco VAT Rates in 2019

VAT rates for Monaco are reviewed annually, you can use the VAT Calculator to calculate VAT due in Monaco or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.

Monaco VAT Rates
VAT RateVAT Description
0%Zero Rated - Exports and related services
2.1%Reduced Rate - Certain medicines; newspapers
5.5%Reduced Rate - Products and services for the disabled, most food stuffs
10%Reduced Rate - Certain pharma products, transport, hotels, real estate
20%Standard Rate - All other taxable goods and services

Historic Tax Tables supported for Monaco

The following tax tables are supported by iCalculator™ MC as part of the suite of free tax tools we provide for Monaco.