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Monaco Amends Registration Duties and Introduces Tourist Tax

|Approved Changes|Monaco
Monaco

Monaco has published Law No. 1.548 of 6 July 2023 on various tax provisions in the Official Gazette. The law amends different registration duties, which are generally increased with effect from 1 October 2023:

  • The fixed registration duty for all deeds not subject to a proportional duty is increased from EUR 10 to EUR 50;
  • The standard registration duty rate for transfers of land, buildings, and other immovable property transactions, such as lease or transfer of usufruct, is increased from 7…

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