Europe
San Marino tax rates 2026
A low-tax microstate: progressive income tax up to 35%, a 17% corporate rate, no VAT (a single-stage import tax applies instead), and no wealth or inheritance tax for direct heirs.
Worldwide (residence-based)
Last verified Some figures indicative
The taxes
| Personal income (top) | 35%Progressive IGR, with 8 bands running from 12–35%. The top rate applies to higher incomes. |
|---|---|
| Corporate income | 17% |
| Capital gains | Exempt if shares are held for 12+ months. Otherwise taxable. |
| VAT / Imposta monofase (IGC) | No VAT. A single-stage import tax, the imposta monofase, applies instead, at around 17%. |
| Dividends (WHT) | 5% |
| Interest (WHT) | 13% on loans to non-residents. Around 4% on bonds. |
| Royalties (WHT) | 20% |
| Social security (employee) | ~8.3% |
| Social security (employer) | ~27% |
| Wealth tax | None |
| Inheritance / estate | None for direct heirs. |
| Property tax | Modest registry and property taxes |
How the system works
- Tax system
- Worldwide (residence-based)
- Foreign income
- Taxed (worldwide)
- Taxes by citizenship
- No
- Exit tax
- No
- CFC rules
- No
- CRS
- Participating
A special regime for new arrivals
Residenza atipica offers a 7% substitute tax on foreign-source income, with a minimum of EUR 10,000 and a maximum of EUR 100,000 per year.
Rates checked July 2026: the top marginal income tax rate, the standard VAT rate and the main corporate rate.
Ways to relocate to San Marino
The residency and citizenship routes that lead here, weighed against the tax picture above.