Goods and services in the Single European Market can thus be accessed from Monaco. VAT Rates. Value Added Tax is levied on the same basis and at the same rate as in France. The most commonly applied rates are: The usual rate of 20%; including all taxes, is less than 300 euros, provided that the invoice includes the following information: The general principle of Monaco's tax system is the total absence of any direct taxes. There are 2 exceptions to this principle : Companies earning over 25% of their turnover outside the Principality and companies whose business in Monaco consists of receiving income from patents and literary or artistic property rights, Analogously, when the resident of Monaco makes a gift to beneficiaries in the direct line, no gift tax is due. In the case brothers and sisters of a resident of Monaco inherit assets or receive a gift, 8% tax is due. In the case unrelated persons of a resident of Monaco inherit assets or receive a gift, 16% tax is due.