Customs Duties or Import dutyA tax charged on certain goods which are brought into a coun... and taxes will be pending and need to be cleared while importing goods into Monaco from outside of the EU Either by a private individual or a commercial entity.
The valuation method is CIF.
- the sum of the value of the imported goods and the cost of shipping and insurance.
Below is the Duty and Sales taxKnown as VAT (Value Added Tax) in the UK. A tax based on the... for Monaco :
| Duty Rates | Average Duty Rate | Sales Tax(GST) or VAT | Threshold on goods |
|---|---|---|---|
| 0% to 48.5% | 20% | ST=2.1% to 20% VAT = ST * (CIF + Duty) |
No duty if the productThe result of a manufacturing or natural process (such as fo... value (excluding shipping and insurance) cost won’t exceed 150 |
NOTE
- Electronic goods such as Laptops, CellPhones and Digital cameras are duty free.
- Duty in Monaco varies from one country to another even for the same productThe result of a manufacturing or natural process (such as fo.... For example, Bicycles made in China carry an additional (anti dumping) duty of 48.5%.
- VAT is 2.1% to 5.5% for goods like Newspapers and magazines and some goods are exempt from VAT like books, children dresses and shoes.
- Duty ranges are 0% (for example books) and 17% (for example Wellington shoes) generally.
- VAT is calculated on the value of the goods, international shipping costs, insurance and any import dutyA tax charged on certain goods which are brought into a coun... due.
Excise duty is applicable for particular goods(ex : alcohol and tobacco products) and please refer detailed information on excise duty od Monaco here
Additional fees can be applied in order to cover the expense of performing any required testing of the imported goods.