Taxes
Private people
Private people, who reside in Monaco (with exception of French citizens) neither pay taxes on their income, nor on increase in value or capital.
Net assets held in Monaco are subject to the following death duties:
in direct line: 0%
between brothers and sisters: 8%
between uncles and nephews: 10%
between other side relatives: 13%
between non-relatives: 16%
Companies
The enterprises, which realize more than 25% of the conversion outside of the principality of Monaco and companies, whose activities consist of referring incomes of patents or copyrights within the artistic and literarily range are subject to a profit taxation of 33,3%.
Except the profits tax in the cases mentioned above there is no direct taxation for enterprises in Monaco.
