Monaco Updates — June 2026

Monaco’s VAT in 2026: Preparing for France’s E-Invoicing Reform

Monaco’s VAT system has seen few substantive changes of its own during the first half of 2026. Unlike a number of other European microstates, the Principality does not operate an independent VAT policy framework and therefore has no separate rate changes, exemption reforms, or VAT incentives to report. Instead, the main development affecting businesses this year is France’s e-invoicing reform, which begins taking effect from September 2026 and extends to many Monegasque businesses because of Monaco’s longstanding VAT integration with France.