Monaco Tax Tables 2019 - Tax Rates and Thresholds in Monaco
Rate and Share, Show you Care 😊 Your feedback and support helps us keep this resource FREE for all to use, thank you.
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.
2019 Tax Tables [Quick Links]
Related Calculators
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 Rate | Taxable 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 Rate | Taxable 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| Category | Employee | Employer | Total |
|---|
| Basic State Pension Contribution | 6.55% | 8.03% | 14.58% |
| Unemployment Contribution | 2.4% | 4.05% | 6.45% |
| Sickness Contribution and Family Allocation | 0% | 15.05% | 15.05% |
Monaco Social Security and Payroll Deduction in 2019: Earnings Thresholds for Employers and Employees| Category | Employee | Employer |
|---|
| Min. | Max. | Min. | Max. |
|---|
| Basic State Pension Contribution | n/a | € 58,752.00 | n/a | € 58,752.00 |
| Unemployment Contribution | n/a | € 162,096.00 | n/a | € 162,096.00 |
| Sickness Contribution and Family Allocation | n/a | n/a | n/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 Rate | VAT 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.