Last updated : 11.05.2026
Expense rules in Monaco.
Monaco applies VAT at 20% (aligned with France). Major financial center, favorable tax regime (no resident income tax).
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1Expense rules & reclaimable VAT
Monaco VAT identical to France: 20% standard, 10% lodging/restaurants, 5.5% essentials, 2.1% medicines.
| Category | VAT | Reclaim | Cap / Note |
|---|---|---|---|
| Meals | 10% | Deductible | EU invoice |
| Lodging | 10% | Deductible | Lodging VAT |
| Alcohol | 20% | Limited | Excluded |
| Fuel | 20% | Deductible | Invoice |
| Transport | 10% | Deductible | Helicopter/airfare |
| Gifts | 20% | Non-deductible | Cap |
Receipt
EU invoice
VAT number
SourcesMonaco Tax Authority
2Mileage allowance
Similar to France: 0.529 EUR/km (8-12 HP).
| Mode | Allowance | Cap | Note |
|---|---|---|---|
| Personal car 8-12 HP | EUR 0,529 | French scale | HP cap |
| Company car | – | Fuel card | – |
| Taxi | – | 100% receipt | Invoice |
Tracking
Logbook
Date, distance
SourcesMonaco Tax Authority
3Per diem and travel allowances
Company policy. Very high cost.
| Destination | Meal | Lodging / night | Daily rate |
|---|---|---|---|
| Monaco | EUR 35 | EUR 150 | EUR 250 |
| Roquebrune | EUR 25 | EUR 110 | EUR 180 |
| Cap-d’Ail | EUR 28 | EUR 120 | EUR 200 |
| Beaulieu | EUR 25 | EUR 110 | EUR 180 |
Currency
EUR
Eurozone
SourcesMonaco Tax Authority
4Foreign VAT recovery
EU/13th Directive recovery identical to France.
| Zone | Mechanism | Deadline | Method |
|---|---|---|---|
| EU companies | 8th directive | Sept 30 (year N+1) | Electronic portal |
| Non-EU companies | 13th directive | Sept 30 (year N+1) | Reciprocity |
| MC companies | Immediate credit | Monthly/quarterly | Return |
Limitations
3 years
Keep
SourcesMonaco Tax Authority
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