Navigating VAT in Monaco

This guide provides an overview of VAT in Monaco, including applicable rates, registration requirements, compliance obligations, and filing deadlines. It is designed for businesses engaging in transactions within Monaco.

Last Updated: January 2026

Monaco’s VAT is tied directly to France’s system, as part of a bilateral agreement.

Monaco at a glance.

Standard rate

20% VAT

Digital services VAT

Yes, at 20%

Mandate e-invoicing

No

Currency

Euro (EUR)

Zero-rated items

Exports and related services are zero-rated.

VAT format

FR followed by 11 digits

Fiscal representation

Not mandatory

Reclaiming VAT in Monaco.

Reclaiming VAT
in Monaco.

Foreign businesses that incur VAT on eligible expenses in Monaco may be able to reclaim it.

Who can reclaim?

Claimable expenses:

Entertainment Non-reclaimable

Accommodation Non-reclaimable

Food, drink & restaurant services 5.5/10/20%

Hiring means of transport Non-reclaimable

Fuel 20%

Public Transport Non-reclaimable

Taxis Non-reclaimable

Admission to fairs & exhibitions 20%

Training courses & seminars 20%

Goods 20%

Inter-company charges 20%

Office expenses 20%

Marketing costs 20%

Professional fees & AP invoices 20%

Entertainment

Non-reclaimable

Accommodation

Non-reclaimable

Food, drink & restaurant services

5.5/10/20%

Hiring means of transport

Non-reclaimable

Fuel

20%

Public Transport

Non-reclaimable

Taxis

Non-reclaimable

Admission to fairs & exhibitions

20%

Training courses & seminars

20%

Goods

20%

Inter-company charges

20%

Office expenses

20%

Marketing costs

20%

Professional fees & AP invoices

20%

e-invoicing in Monaco.

e-invoicing
in Monaco.

There is currently no available information on e-invoicing in this country. If you need assistance, please contact our experts for guidance

FAQs

Are there any exemptions or special rules for VAT in Monaco?

Although Monaco is not part of the EU, it forms part of the EU territory for VAT purposes. As such, the principles of the EU VAT Directives are applicable to Monaco. As such, Monaco VAT refund applications will follow the same principles as included in the 8th Directive and 13th Directive. Thus it is important that an entity claiming a Monaco VAT refund not be established in Monaco and not have a Monaco VAT number.

What is the VAT refund application process in Monaco?

For Monaco VAT refunds under the 8th Directive: claims should be submitted electronically through the portal managed by the claimant's Member State of Establishment. For Monaco VAT refunds under the 13th Directive: claims should be submitted physically by sending the hard copy documents to the Monaco VAT Authority. VAT IT will be able to assist with submitting your Monaco VAT refunds.

Can businesses still reclaim VAT in Monaco if the invoice contains errors?

Invoices that do not meet all the invoice requirements (such as not indicating the Monaco VAT rate), would generally not be eligible for a Monaco VAT refund. The entity would need to contact the supplier to correct the error and issue a corrected Monaco VAT invoice to be included in a Monaco VAT refund submission. This is something that VAT IT will be able to assist with.

Nearby countries.

Explore indirect tax information in these countries:

France

Italy

Switzerland

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Navigating VAT in Monaco

Navigating VAT in Monaco

Standard rate

20% VAT

Digital services VAT

Yes, at 20%

Mandate e-invoicing

No

Currency

Euro (EUR)

Zero-rated items

Exports and related services are zero-rated.

VAT format

FR followed by 11 digits

Fiscal representation

Not mandatory

FAQs

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