Monaco

How are Giftcards treated for tax purposes in Monaco (VAT, single-purpose / multi-purpose)? ›

Monaco follows the French VAT system. Single-purpose Giftcards are taxed at the time of issue, while multi-purpose Giftcards are taxed upon redemption.

What special rules apply in Monaco to the sale, issuance, or redemption of Giftcards? ›

The sale of Giftcards is subject to general trade and data protection regulations. Digital providers must register with the data protection authority.

What consumer rights apply in Monaco for expired Giftcards? ›

There are no special rules on expired Giftcards. Merchants must clearly state expiry dates. If missing, the Giftcard may be considered valid without limitation.

Is there a legal rule in Monaco on the validity period of Giftcards? ›

In Monaco there is no specific legal regulation on the validity period of Giftcards. Under civil law, a general limitation period of five years applies. Merchants must clearly label validity periods.