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Corporate income tax

change to taxation rate

Under the terms of Sovereign Order n° 7174 of 24 October 2018 amending Sovereign Order n° 3152 of 19 March 1964 introducing a corporate income tax, as amended, the rate of tax on corporate income, which had stood at 33.33% since 1 January 1993, is to change.

  • The rate of tax applicable for fiscal accounting periods beginning on or after 1 January 2019 will be 31%.
  • The rate of tax applicable for fiscal accounting periods beginning on or after 1 January 2020 will be 28%.
  • The rate of tax applicable for fiscal accounting periods beginning on or after 1 January 2021 will be 26.5%.

From 1st January 2022 onwards, the normal rate of tax will be 25%.  

Authors

Olivier Marquet
Olivier Marquet
Avocat Associé | Managing Partner
Monaco
The picture of Juliette Henry
Juliette Henry
Associate
Monaco