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Monaco Amends Registration Duties and Introduces Tourist Tax

20 July 2023

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Approved Changes

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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 7.5% to 10%, and the lower rate for natural persons and so-called transparent entities is increased from 4.5% to 4.75%;...