Taxes in Monaco

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Monaco has a series of taxes that apply in most situations. Thus, Monaco is not a "tax haven" as that term is generally known. However, Monaco's tax regime is generally considered low by world standards and there are liberal exemptions and deductions that often serve to greatly reduce or even eliminate taxes due. The three main sources of tax revenues for Monaco, in order of importance are:

• value added tax (sometimes called VAT, or, in French, TVA)
• business income tax
• inheritance tax

There are further discussions of these taxes later in this category.