FAVOURABLE TAXATION
TAXATION TO SUPPORT DEVELOPMENT
The San Marino tax regime is characterised by simple, fair, and efficient arrangements that drive investment, employment, innovation, and international competitiveness.
Ordinary Corporate Income Tax (IGR) is equal to 17% of taxable income. All new business activities benefit from an incentive treatment that reduces taxation on income to 8.5% in the first 5 years and exempts them from the payment of the annual license fee and the related renewal fees for the following three years of operation.
A special tax regime favour highly innovative startups, with a progressive profit tax from 0% and 8%.
ADDITIONAL INCENTIVES:
- reduction of taxable income for capital goods or real estate investments;
- fully-deductible costs, with few limitations;
- Dividends paid to individuals and non-residents taxed at 5%
- Royalties paid to non-residents taxed at 20%;
- Withholding tax of 13% is levied on interests paid on loans granted to non-residents and individuals
Single-stage tax
San Marino does not have value added tax, but rather import tax, or “single-stage tax“. It applies to all goods and related services imported to San Marino. The indirect tax rate is equal to 17%. Certain categories of goods are subject to different rates.
The tax is refunded if goods are subsequently re-exported.
DOING BUSINESS, WORKING AND LIVING IN SAN MARINO: SHORT GUIDE
Download the overview of the economic, regulatory and institutional context in San Marino. This practical document supports the strategic evaluations of entrepreneurs, investors and professionals alike
DO YOU WANT TO FIND OUT HOW TO IMPLEMENT YOUR PLAN IN SAN MARINO?
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HERE ARE THE MAIN ASPECTS THAT OUTLINE A FAVOURABLE ECOSYSTEM FOR THE DEVELOPMENT OF YOUR BUSINESS:
International agreements and relations
Regulatory and institutional framework
Network of universities
A varied and lively economic fabric
Favourable taxation
