Monaco and Singapore: factual overview
Verified factual information about Monaco — we do not publish numeric comparisons with other jurisdictions without official sources.
Key facts
- Monaco — personal income tax
- None (non-French residents)
- Monaco — VAT
- French VAT 20%
- Monaco — ISB
- 25% when more than 25% of turnover is from outside Monaco
Why this page is short
This page does not attempt to compare the two jurisdictions in detail. Foreign tax, immigration and wealth rules change quickly; we do not publish figures for countries other than Monaco without a verified official source.
For detailed Monaco tax rules, see our page Monaco — tax system.
Verified facts about Monaco
- Personal income tax: none for non-French residents. French nationals resident in Monaco remain taxable in France under the Franco-Monegasque Tax Convention of 18 May 1963.
- VAT: French rates (20% standard, 10%, 5.5%, 2.1%). There is no 0% VAT regime in Monaco.
- Corporate profit tax (ISB): 25% when more than 25% of turnover is earned outside Monaco.
- No wealth tax, no annual property tax, no individual capital gains tax.
- Inheritance tax: 0% in direct line; 8% to 16% depending on relationship.
About Singapore
The tax, immigration and wealth rules of Singapore fall under foreign jurisdiction. We do not have a verified official source to publish comparative figures. Consult Singapore's tax authority directly and a professional advisor for up-to-date data.
Official sources for Monaco
For any relocation decision, consult a licensed tax advisor. Comparative figures circulating online are often outdated or inaccurate.
The information provided is for general guidance only. For official procedures, always consult the official sources.
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