Monaco moves to adopt OECD 15% minimum corporate tax
By Zak Jackson, MonacoViews Editorial
The Princely Government has submitted a bill to the Conseil National that would introduce a qualified domestic minimum top-up tax on multinational groups with revenues above €750 million.
The Princely Government has filed a draft law with the Conseil National to implement the OECD's Pillar Two framework, introducing a qualified domestic minimum top-up tax (QDMTT) that sets an effective minimum tax rate of 15 per cent on large multinational enterprise groups.
The measure applies to groups with consolidated annual revenues exceeding €750 million, aligning Monaco with the global standard now being adopted across OECD member states and major financial centres. By legislating its own domestic top-up tax, Monaco retains the right to collect any additional levy itself, rather than ceding that revenue to a parent company's home jurisdiction under foreign top-up rules.
For businesses headquartered or structured through Monaco, the change is significant. Groups that currently benefit from the Principality's low-tax environment but meet the €750 million threshold will need to assess their effective rate across all entities. The bill now passes to the Conseil National for examination and debate before any formal adoption into Monégasque law.