Why Do You Not Pay Tax In Monaco. For other than French nationals residence is not an issue affecting taxation in Monaco since income tax and capital gains tax do not apply. Accessing Monacos income tax-free financial environment is quick but not cheap.
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This means most expats wont have to pay any Monegasque income tax. It would be a case if Monaco wasnt a tax haven. You still pay social contributions and other social charges and some other taxes you have a very high rent that gets re-evaluated and goes up pretty much every year.
Monaco earned its reputation as a haven for the rich long before many other players in.
I dont know if youd call that a tax. In practice if you live in the Principality you do not pay income tax. Its not really tax free. For other than French nationals residence is not an issue affecting taxation in Monaco since income tax and capital gains tax do not apply.
