This guide provides an overview of VAT in Monaco, including applicable rates, registration requirements, compliance obligations, and filing deadlines. It is designed for businesses engaging in transactions within Monaco.
Monaco’s VAT is tied directly to France’s system, as part of a bilateral agreement.
Foreign businesses that incur VAT on eligible expenses in Monaco may be able to reclaim it.
Although Monaco is not part of the EU, it forms part of the EU territory for VAT purposes. As such, the principles of the EU VAT Directives are applicable to Monaco. As such, Monaco VAT refund applications will follow the same principles as included in the 8th Directive and 13th Directive. Thus it is important that an entity claiming a Monaco VAT refund not be established in Monaco and not have a Monaco VAT number.
For Monaco VAT refunds under the 8th Directive: claims should be submitted electronically through the portal managed by the claimant's Member State of Establishment. For Monaco VAT refunds under the 13th Directive: claims should be submitted physically by sending the hard copy documents to the Monaco VAT Authority. VAT IT will be able to assist with submitting your Monaco VAT refunds.
Invoices that do not meet all the invoice requirements (such as not indicating the Monaco VAT rate), would generally not be eligible for a Monaco VAT refund. The entity would need to contact the supplier to correct the error and issue a corrected Monaco VAT invoice to be included in a Monaco VAT refund submission. This is something that VAT IT will be able to assist with.
Explore indirect tax information in these countries:
VAT in the Events Industry: The Triggers That Catch Businesses Out Most event businesses think they have a VAT plan. What they actually have is a VAT filing plan. Those are not the same thing. Filing returns on time does not protect you if the underlying classification of your supplies is wrong. If admission […]
Branch vs Subsidiary: Why the Distinction Matters More Than You Think for VAT Reclaim Most multinationals know the difference between a branch and a subsidiary from a corporate law perspective. Fewer realise how dramatically that distinction affects their VAT position, and specifically, how much recoverable VAT they may be leaving on the table because of […]
California Is About to Tax SaaS. Here Is What Changes on 1 January 2027. If California was the state your US Sales Tax compliance team never had to think about, that changes in six months. Governor Gavin Newsom has signed Senate Bill 122 into law as part of California’s 2026-2027 budget. From 1 January […]
VAT in the Digital Age (ViDA): The Complete Guide to the EU’s VAT Reform VAT in the Digital Age, better known as ViDA, is the European Union’s biggest overhaul of VAT rules in a generation. After nearly two years of political deadlock, the reform is no longer a proposal, it is enacted EU law, with the first major deadlines within the […]
California Is About to Tax SaaS. Here Is What Changes on 1 January 2027. In today’s rapidly evolving business landscape, organisations are seeking innovative solutions to streamline financial operations, enhance compliance, and drive cost savings. Two leading platforms in this space, SAP Concur and eezi, Powered by VAT IT, offer powerful capabilities individually. When integrated, they […]
Is There VAT on Software and SaaS Subscriptions? What Buyers Need to Know Most finance teams have faced the same issue: an invoice lands for a new SaaS (Software as a Service) tool, and it is not obvious whether VAT should be charged on it, who is responsible for it, or whether it can be […]
Fiscal Representative in France: What Non-EU Businesses Need to Know Many businesses trading in France are required to appoint a fiscal representative to maintain VAT compliance. Whether you are importing goods, storing stock, or selling to French consumers, understanding this obligation before you operate is significantly easier than discovering it after the fact. Key Takeaways […]
VAT IT listed as a Pre-Approved e-Invoicing Service Provider (ASP) by the UAE Ministry of Finance: What Businesses Need to Know VAT IT is proud to announce that we have officially been listed by the UAE Ministry of Finance as a Pre-Approved e-Invoicing Service Provider (ASP). This recognition confirms that VAT IT has successfully […]
8 Best VAT Registration Services for Non-EU Businesses Entering the EU and UK Entering the EU or UK market is a significant commercial milestone. Getting VAT registration right from the outset is what determines whether that milestone becomes a launchpad or a liability. For non-EU businesses, VAT registration is not a straightforward administrative task. […]
8 Best IOSS Solutions for Non-EU E-Commerce Sellers If you are an e-commerce seller, registering with the EU’s Import One Stop Shop (IOSS) is a must. IOSS was created with the goal of simplifying VAT declaration and payment for distance sales of imported goods valued at €150 or less. Traditional VAT collection sees the customer […]
This webinar explains how US businesses can identify and recover foreign VAT, breaking down key concepts like reciprocity and showing where refund opportunities are often missed.
