Organization : Princely Government of Monaco
Service Name : Declaring & Paying VAT Online
Country: Monaco
Pay Online : http://en.service-public-entreprises.gouv.mc/Tax/VAT/Statements/How-to-declare-and-pay-VAT
Declaring & Paying VAT Online:
Every person (business or independent professional) who carries out profitable economic transactions on a regular basis is subject to Value Added Tax (VAT) (Taxe sur la valeur ajoutée–TVA)
Related : How to Pay the Leasehold Duty Monaco : www.statusin.org/11980.html
VAT is levied on the same basis and at the same rates as in France.
How often you need to submit VAT declarations depends on your tax regime.
If your business is subject to VAT:
** VAT is declared monthly
If the VAT to be paid is less than €4,000 per year, your VAT declaration may be submitted quarterly. Simply submit a request by post or email to your VAT inspector
If you are exempt from paying VAT:
** You should submit an annual declaration (for year N) in January of the year N+1
To fulfil your reporting obligations, you can choose between offline reporting (this is the default method) and online reporting (alternative option; not available to those who are exempt).
Offline Procedure:
Receiving and filling in the pre-completed form:
Every month or quarter (or at the end of the year for those who are exempt), you will receive a form, pre-completed with:
** The name of your company
** The tax regime under which the company is registered, (“EM” for monthly reporting, “ET” for quarterly reporting, “FB” for those who are exempt)
** The time period for which the declaration is to be made
If you have not received this form you have to collect one, as soon as possible, from the Department of Tax Services, at the Tax Division counter.
Complete the form with the aid of the Download file Notice pour la déclaration de la TVA Notice pour la déclaration de la TVA .
Submitting the form and making payment:
You should submit the completed form to the Department of Tax Services along with your payment by cheque, bank transfer or in cash at the Tax Division counter.
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.