Net salary in Monaco

Tax system in Monaco

Monaco does not levy personal income tax on its residents, making it one of the most tax-efficient jurisdictions in the world for individuals. However, employees in Monaco are subject to French-style social security contributions (CCSS), which cover healthcare, retirement, and other benefits. French nationals residing in Monaco remain subject to French income tax under a bilateral convention. The absence of income tax has made Monaco a destination for high-net-worth individuals, though the cost of living is among the highest globally.