Monaco
Vat Registration Thresholds No threshold; mandatory registration for all businesses performing taxable supplies.
Vat Rates Standard rate of 20%, with reduced rates for certain goods (e.g., 10% for some goods).
Vat Registration Process Monaco requires VAT registration with the tax department, including submitting business identification and tax forms.
Taxable Transactions Sale of goods and services within Monaco, including digital products, taxed at the standard rate.
Registration Exceptions No exemptions; all businesses must register for VAT.
Vat Filing Frequency Monaco businesses file quarterly VAT returns, with some exceptions for very small businesses.
Intra Community Transactions Monaco applies VAT rules similar to France, including for cross-border sales within the EU.
Exemption Schemes Monaco does not have specific exemptions for small businesses; all VAT-registered entities must comply.