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Tax Manager salary in Monaco

Average Yearly Salary of Tax Manager in Monaco is approximately 366,141 EUR (368,169 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Tax Manager do?

occupation personasA tax manager is a professional responsible for overseeing and managing all aspects of an organization's tax compliance. Their primary role is to ensure that the company complies with all tax laws and regulations while minimizing tax liabilities. They are responsible for preparing and filing tax returns, conducting tax research, and providing guidance on tax planning strategies. Tax managers also play a crucial role in advising senior management on the financial impact of tax decisions and identifying potential tax risks and opportunities.

Skills: tax compliance, tax planning, tax research, tax liabilities, financial impact, tax risk analysis
Job industry: Finance


How much does Tax Manager make?

Salary details
How much does Tax Manager make?
Estimated Yearly Salary: 366,141 EUR
Estimated Monthly Salary: 30,512 EUR
Estimated Weekly Salary: 7,041 EUR per week
Estimated Hourly Salary: 176 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04

Comparing salary to last year:
Estimated Yearly Salary: 354,948 EUR
Estimated Monthly Salary: 29,579 EUR
Estimated Weekly Salary: 6,826 EUR per week
Estimated Hourly Salary: 171 EUR per hour
Last revision of data: 2024-01-09



Tax Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:
Estimated Yearly Salary: 368,169 USD
Estimated Monthly Salary: 30,681 USD
Estimated Weekly Salary: 7,080 USD per week
Estimated Hourly Salary: 177 USD per hour


Difference in salary year over year or average salary increase is approximately up arrow 3 %

About these results Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.

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Salary comparison to National average

Monaco is a small sovereign city-state located on the French Riviera. With a population of approximately 38,000 people, it is the second smallest country in the world by population. Covering an area of just 2.02 square kilometers, Monaco is also one of the most densely populated countries globally.

Estimated national average yearly salary is 170,319 EUR (186,080 USD). Value indicated is pre-tax. Below graph shows estimated Tax Manager job salary compared to average salary in Monaco.
Comparison shows that a person working as Tax Manager in Monaco earns on average:
2.15 times the average salary (or 215% of average salary).

Is Tax Manager a well paid job?

Yes, our data show that Tax Manager is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Tax Manager?

High salary for Tax Manager would be somewhere between 402,755 EUR and 530,904 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Tax Manager in Monaco?

Living in Monaco the approximate monthly expenses are: 7,443 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 366,141 EUR
Estimated Monthly Salary: 30,512 EUR
Estimated Weekly Salary: 7,041 EUR per week
Estimated Hourly Salary: 176 EUR per hour
By working as Tax Manager a person can save up to 23,238 USD per month or 278,851 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Monaco, see costs of living in Monaco.

Salary comparison to region and neighbouring coutries

Country's neighbours are: France, Italy.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Tax Manager

France is 90,243 USDdown arrow 75%
Details on Tax Manager salary in France
Italy is 74,558 USDdown arrow 80%
Details on Tax Manager salary in Italy
Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

    0 years (beginner) equals base salary
    1 to 5 years of experience yields up arrow+12% salary increase
    6 to 10 years of experience yields up arrow+25% salary increase
    11 to 15 years of experience yields up arrow+16% salary increase
    16 to 25 years of experience yields up arrow+9% salary increase
    more than 25 years of experience yields up arrow+10% salary increase
NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Monaco

(1,948,030 EUR per year, pre-tax.)
(1,613,197 EUR per year, pre-tax.)
(1,564,314 EUR per year, pre-tax.)
(1,512,413 EUR per year, pre-tax.)
(1,512,144 EUR per year, pre-tax.)
(1,480,748 EUR per year, pre-tax.)
(1,478,011 EUR per year, pre-tax.)
(1,476,615 EUR per year, pre-tax.)
(1,474,879 EUR per year, pre-tax.)
(1,470,635 EUR per year, pre-tax.)

Data as of 2025

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