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Tax

We have developed extensive understanding of the needs of existing and prospective stakeholders in our market and we leverage this knowledge to offer our clients a comprehensive range of services, including tax advice.

Our range of tax services covers all aspects of taxes and duties in Monaco, including corporate income tax, value added tax (VAT), inheritance tax, gift tax, registration duties, etc.

Our team works regularly on the structuring and audit of complex international tax schemes and supports its clients in their understanding of international tax issues specific to Monaco and of international agreements applicable to the Principality.

We have excellent knowledge of local actors as well as specific experience in each aspect of Monegasque taxation (corporate tax, wealth tax, property tax, etc.).

Choose an area

Corporate tax
A thorough understanding of an increasingly complex tax environment is an essential condition for business success.  Our team will support you in
Wealth and property tax
Our team advises international clients on complex cross-border transactions.We are able to offer our clients in-depth knowledge of local particulariti

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29/04/2024
Reminder of the provisions of the Franco-Mone­g­asque Convention on Succession
Many Monegasque residents who own property in France are concerned about the taxation applicable to their estate. We would like to remind you of the provisions of the Franco-Mone­g­asque Convention of 1st...
08/04/2024
Real estate in France & Tax obligations
The direct or indirect ownership of real estate located in France by non-French residents - whether individuals, French or foreign legal entities, trusts or similar institutions - as well as the management...
11/03/2024
Reminder of the taxation applicable to Law 214 Trusts and foreign Trusts
The trust, legal instrument of English origin, is often used as a sustainable estate planning and assets protection tool. Although the trust system is common in Commonwealth countries, Monaco recognized...
06/02/2024
Gift of shares of a Monegasque SCI owning a real estate in France: risk...
The Monegasque civil company (SCI) is an excellent asset and wealth management tool, commonly used to facilitate the management and transfer of a real estate property in France. In this respect, the gift...
15/01/2024
Taxation of works of art in Monaco
The Principality of Monaco is renowned for its high level of security for people and property, and is proving to be a very attractive country for high-net-worth individuals looking for security and lenient...
27/12/2023
No white smoke on ATAD III proposal in 2023
As a reminder, on 22 December 2021, the European Commission issued its proposal for a directive to prevent the abuse of shell entities for tax purposes (ATAD III proposal). After several amendments, the...
24/11/2023
Carbon Border Adjustment Mechanism transition in effect since 1 October...
On 1 October 2023, a two-year transitional period began for implementation of Regulation (EU) 2023/956, which introduces the Carbon Border Adjustment Mechanism (CBAM). CBAM levies punitive CO2 charges...
27/09/2023
DAC 8 Proposal approved by the European Parliament
BackgroundIn recent years, the crypto-asset landscape has steadily grown and has reshaped the world of payments and investments. Today such assets have an estimated market capitalization of USD 1.09 trillion...
15/12/2022
Foreign trusts: The conditional extension of the Monegasque tax regime
The Monegasque tax regime for inheritance and donation is known to be advantageous since it does not provide for any inheritance or donation tax in direct line (between ascendants and descendants or between...
01/06/2022
CMS Next
What’s next? In a world of ever-ac­cel­er­at­ing change, staying ahead of the curve and knowing what’s next for your business or sector is essential. At CMS, we see ourselves not only as your legal advisers but also as your business partners. We work together with you to not only resolve current issues but to anticipate future challenges and innovate to meet them. With our latest publication, CMS Next, our experts will regularly offer you insights into and fresh perspectives on a range of issues that businesses have to deal with – from ESG agendas to restructuring after the pandemic or facing the digital transformation. We will also share with you more about the work that we are doing for our clients, helping them innovate, grow and mitigate risk. To be able to provide you with the best support, we immerse ourselves in your world to understand your legal needs and challenges. However, it is equally important that you know who we are and how we can work with you. So, we invite you to meet our experts and catch a glimpse of what is happening inside CMS. Enjoy reading this publication, which we will update regularly with new content. CMS Executive Team
20/05/2022
DEBRA – The new EU tax initiative aiming at promoting a fair and sustainable...
Within the EU a widespread asymmetry exists between debt and equity financing. Usually, interest is tax deductible from the corporate income tax base while dividends do not benefit from such advantage...
28/03/2022
Germany: Cross-border employee assignments - liability for wage tax?
The decisive factor for wage tax liability in the international assignment of employees is not who pays the wage. For the employee, the question is: in which country must the individual pay tax on his...