VAT
Value Added Tax (TVA in French): an indirect consumption tax applied in Monaco at the same rates and under the same rules as in France, pursuant to the Franco-Monegasque fiscal convention.
Monaco applies French VAT under its customs union with France. The rates are identical: 20% (standard), 10%, 5.5% and 2.1%. Monegasque businesses collect and remit VAT following the same procedures as in France. Declarations are filed with Monaco's Direction des Services Fiscaux.