Good news for Monaco businesses! Following an Ordinance passed by Prince Albert on 24 October, 2018 (n°7.174), the Monegasque corporate tax regime will be modified effective from 1 January, 2019. The original tax rate of 33,33% used since 1993 will progressively decrease to 25% on the following calendar:
- 31% as of 1 January, 2019;
- 28% as of 1 January, 2020;
- 26,5% as of 1 January, 2021;
- 25% as of 1 January, 2022.
This new regime will be similar to the French one that will also decrease progressively its corporate tax rates.
For more information, please contact Nicolas Trucco: email@example.com