Register For e-VAT Monaco : service-public-entreprises.gouv.mc

Organization : Princely Government of Monaco
Service Name : Register For e-VAT
Country: Monaco

Website : http://en.service-public-entreprises.gouv.mc/Tax/VAT/Statements/How-to-register-for-e-VAT

Register For e-VAT :

Any person (a company or an independent professional) who, on a regular basis, engages in gainful economic transactions is subject to Value Added Tax (TVA).

Related : Declaring & Paying VAT Online Monaco : www.statusin.org/11978.html

VAT is levied on the same basis and at the same rates as in France.

It must be declared monthly or quarterly.

Should you wish to, you can declare and pay your VAT online via the e-VAT Service .

Obtaining and completing the forms:
To get the forms you can either:
** Download from website
Or
** Collect the forms from the Department of Tax Services

You can also download the following leaflets:
Download file Conditions générales applicables au service e-TVA Conditions générales applicables au service e-TVA
Download file Notice technique relative à l’équipement informatique nécessaire à la déclaration et au paiement de la TVA en ligne Notice technique relative à l’équipement informatique nécessaire à la déclaration et au paiement de la TVA en ligne

Establishing and submitting the application for registration:
Your application for registration must contain:
** The registration form
** SEPA direct debit mandate
** Form for appointing a representative, if applicable
** Bank account identification document for account to be debited

All your documents must be submitted or sent to the Tax Division of the Department of Tax Services.

Receiving the confirmation letter and your username and password:
The Department of Tax Services (Tax Division) will send you:
** A confirmation letter sent by registered post with acknowledgement of receipt informing you of your effective registration date and providing you with your username and password, and your Unique Mandate Reference Number (Référence Unique de Mandat, RUM)

** A security certificate to the email address specified in the registration form. This certificate is valid for 6 years and is automatically renewed at the expiry of this period

As from the date mentioned in the confirmation letter, you can use the e-VAT service to declare and pay your VAT online.

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%
** The reduced rate of 10%, except for basic products (5.5 %)

Transactions subject to VAT :
Key transactions subject to VAT are :
** Transactions forming part of business activities that are performed, for a charge, by a taxpayer – i.e. a person being self-employed either ordinarily or occasionally, whatever their legal status
** Transactions specifically designated by the law (self supplies of goods, certain purchases, imports, etc.)

** Transactions that are usually exempt but may be taxed at the option of the person performing them (transactions performed by persons carrying out exempted non-commercial activities, transactions performed by banking and financial institutions, rentals of unfurnished property for industrial, commercial or professional use)

** Transactions contributing to the production and delivery of property