Taxation in San Marino

Updated as of December 01, 2025 Prerequisite All income, wherever produced, by resident subjects in cash or in kind, continuous or occasional, coming from any source, is subject to the general income tax. Non-resident subjects are taxable persons limited to income produced within the territory. Definitions The following terms are understood as: Tax: the general income tax. Taxpayer: the taxable person regarding tax obligations, that is, the subject who, facing a le…

Updated on December 01, 2025 New businesses operated as individuals or freelancers, whose owners have not engaged in any economic activity similar to that for which they are requesting access to the following benefits in the twelve months prior to submitting the application, are granted: exemption from the initial license fee; for the following three years of operation, exemption from the annual license fee; for the first five tax periods, a 50 percent…

The international conventions against double taxation are a tool of international policy necessary to avoid the phenomenon that the same assumption is subject twice to taxation in two different States. The conventions in fact regulate the tax relations between the subjects that operate in the signatory states of the convention and that are therefore linked to them. This tool is intended to avoid the taxation of the income both in the country where it was produce…

In order to promote the commercial entrepreneurial activity of foreign economic operators in the Republic of San Marino and facilitate their establishment, a simplified tax regime is established applicable, for the first twenty-four months of activity, to foreign companies, active in the retail trade sector. Foreign economic operators, carrying out retail trade, must be established in their specific sector at an international level or be owners of internationally r…

Incentives for the establishment of new companies in San Marino in the maritime sector The new business activities carried out through capital companies, operating exclusively in the sector referred to in Law 2 August 2019 no. 120 and subsequent amendments and whose members have not exercised, in the twelve months prior to the submission of the application, an economic activity comparable to that for which access to benefits is required, are recognised: e…