Taxation and Legislation

Paolo Petrini

10/05/2024

Taxation and Legislation

Monaco and the FATF's grey list: Impacts and responses of the Principality in 2024

In 2024, the Principality of Monaco is at a crucial regulatory turning point in the face of the threat of being placed on the Financial Action Task Force's (FATF) grey list. This prospect raises questions about the possible implications for Monaco's financial sector and its attractiveness as an international financial centre. Historically, even a placement on the FATF's non-cooperation lists has not seemed to have a lasting effect on the local real estate market, which continues to thrive thanks to the persistent scarcity and luxury of properties.

Paolo Petrini

15/03/2024

Taxation and Legislation

Are new vehicles registered in Monaco subject to taxes?

In the face of European environmental initiatives aimed at reducing CO2 emissions through the introduction of taxes on new vehicles, Monaco has a distinct configuration. Due to its non-membership of the European Union, the Principality does not apply the same taxation policy based on CO2 emissions and the weight of new vehicles. This regulatory specificity offers a different perspective for Monaco residents and those planning to take up residence there.

Impact of the new decree in Monaco: Income Tax Law in Italy

With the recent amendments introduced by Legislative Decree No. 209 of 27 December 2023, the law on income taxes in Italy has undergone important updates that not only profoundly reform the tax system for Italian residents, but also open up new perspectives for those contemplating the possibility of moving abroad. In this context, Monaco emerges not only as a tax haven, but as an ideal lifestyle destination, combining economic benefits with an incomparable quality of life.