VAT Rates in Monaco

Monaco is an integral part of the EU customs territory and VAT area, and therefore applies most measures on excise duties and VAT. Monaco borders one EU member state: France.

Quick overview

Standard Rate	Reduced Rate	Other Rates
20%	10%	5.5%, 2.1%

The local name for VAT in Monaco is  “Taxe sur la valeur ajoutée” (TVA).

There are basically 4 VAT rates in Monaco:

• Standard VAT rate is 20%
• Reduced VAT rate is 10%
• Other VAT rates are 5.5% and 2.1%

Standard rate: 20%

This rate applies for all transactions that take place in Monaco, unless an exception applies (such as a reduced rate, the zero rate or an exemption, or a reason to treat the transaction as outside scope of VAT).

Zero rate (0%)

Monaco applies various exemptions with a refund of tax paid at preceding stages (zero rates), such as Exports and related services.

Reduced rate: 10%

• Certain pharmaceutical products
• Water
• Restaurants
• Take-away food
• Hotels
• Transportation of passengers
• Some types of real estate renovations

Reduced rate: 5.5%

• Products and services for the disabled
• Books (including e-books)
• Most food and drink products
• Energy

Reduced rate: 2.1%

• Certain medicines
• Newspapers

A global VAT/GST rate overview can be found here (note this is a work in progress).

This post was last updated on May 16, 2021.

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