San Marino
San Marino: 3 company types, its taxes, banking and business environment.
Forming a company
Company types in San Marino
The 3 forms a founder can choose here, each with its own figures. Open one for its sources.
Doing business here
Business accounts
Providers whose own published list of countries names San Marino. A listing means a company formed here may apply, not that it will be accepted.
Not in our records No provider's country list has been read for San Marino.
EU listings
Two lists a bank checks when it opens an account for a company or its owner.
- EU high-risk third countries (AML)
- Not listed
- EU non-cooperative jurisdictions for tax purposes
- Not listedOfficial EUR-Lex, 52026XG01465, Annex I as of 2026-02-17
Official sites
The authorities’ own sites for San Marino: where to register, file and check.
Blocs and agreements
The trade arrangements San Marino belongs to, as each arrangement’s own texts state them: since when, and what each covers. What a membership means for a business is for you to judge.
San Marino’s own position
- Customs territory
- Its own
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the Republic of San Marino shall apply in respect of countries not members of the Community: — the Common Customs Tariff
- VAT territory
- Its own
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L'imposta sulla importazione nel territorio della Repubblica di San Marino di beni e di servizi connessi è regolata dalle norme che eseguono.
- EU–San Marino customs union
- Inside
San Marino is a contracting party to the Agreement on Cooperation and Customs Union with the EEC (signed 1991; in force 1 April 2002 according to the San Marino Foreign Ministry). It establishes a customs union for Chapters 1 to 97 of the Common Customs Tariff, and San Marino applies the Common Customs Tariff to third countries.
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A customs union is hereby established between the European Economic Community and the Republic of San Marino for products covered by Chapters 1 to 97 of the Common Customs Tariff
- European Union: internal market and customs union
- In part
The customs union with the EU covers goods of Chapters 1 to 97 of the Common Customs Tariff only. San Marino is not in the Union customs territory defined by Reg. 952/2013 art. 4, and no text retrieved extends the internal market to it.
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A customs union is hereby established between the European Economic Community and the Republic of San Marino for products covered by Chapters 1 to 97 of the Common Customs Tariff
- European Union: VAT territory
- Outside
The Danish tax authority lists San Marino among territories outside the EU VAT area. San Marino levies its own tax on imports, not VAT; Italy applies a separate VAT regime to trade with San Marino (Ministerial Decree of 21 June 2021).
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Færøerne. Se Traktaten om Den Europæiske Unions funktionsmåde , artikel 355, stk. 5, litra a) (tidligere EF-traktaten artikel 299, stk. 6, litra a). Andorra, San Marino og Vatikanstaten.
- Agreements in force
- The authority’s own list read 27 Oct 2026
In regional arrangements
- EU–San Marino customs union
- Customs union with the European Union
Covers goods, a common external tariff.
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This Agreement shall enter into force on the first day of the second month following notification that the procedures referred to in the first subparagraph have been complied with.
Regional and customs arrangements only, 36 of them; bilateral trade agreements are not yet in our records.
Tax
Company tax
Tax, and what the company owes the registry each year.
- Corporate income tax
- 17%
- Distributions
- Not in our records
- Audit
- Art. 58: the sindaco unico (who also does the accounting control, Art. 63(1)(2)) is mandatory for an S.r.l. only if capital is EUR 77,000 or more or sales exceeded EUR 2,000,000 for two consecutive years; below both, no audit organ is required.Official The registry or ministry page as of 2026-10-10
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La nomina del sindaco unico è obbligatoria:
- Small-company relief
- Not in our records
- Annual obligations
- Not in our records
- Annual registry fee
- Not in our records
VAT
The tax on what the company sells in San Marino, and when it must register, as the tax authority states it.
- Standard rate
- Not in our recordsThe tax authority’s pages have not been read for San Marino.
Tax calendar
When the main returns and payments fall due in San Marino, tax year 2026, as the tax authority states it.
- Corporate tax return
- 31 July · each year
IT: la dichiarazione dei redditi, Modello IGR P, va presentata entro il 31 luglio. EN: the table of filing and payment terms gives 31 July for the IGR P and IGR L returns; the edition read is for income year 2023.
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Dichiarazioni dei redditi, Modelli IGR P e IGR L Modelli IGR M e N 31 luglio 2024
- Corporate tax, final payment
- 31 July · each year
IT: i termini di presentazione e pagamento sono riassunti nella tabella, che indica il 31 luglio per i Modelli IGR P e L. EN: the circular's table is expressly of filing and payment terms, so the balance is paid by the same 31 July date.
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I termini di presentazione e pagamento per il periodo d’imposta 2023 sono riassunti nella seguente tabella
- Corporate tax, instalments
- Not in our records
gov.sm/pub2/GovSM/La-PA-Risponde/FAQ.html inaccessible when checked
- Personal income-tax return
- 31 July · each year
IT: la dichiarazione dei redditi delle persone fisiche, Modello IGR L, va presentata entro il 31 luglio. EN: the Ufficio Tributario's table of filing and payment terms gives 31 July for the IGR L return.
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Dichiarazioni dei redditi, Modelli IGR P e IGR L Modelli IGR M e N 31 luglio 2024
- Personal income tax, final payment
- 31 July · each year
IT: i termini di presentazione e pagamento sono riassunti nella tabella, che indica il 31 luglio per il Modello IGR L. EN: the balance is paid by the same 31 July date as the return.
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I termini di presentazione e pagamento per il periodo d’imposta 2023 sono riassunti nella seguente tabella
- Personal income tax, instalments
- Not in our records
gov.sm/pub2/GovSM/La-PA-Risponde/FAQ.html inaccessible when checked
- VAT return
- Not levied here
San Marino applies no VAT. Its indirect taxes are the single-phase tax (imposta monofase) on imports and the complementary tax, collected by the Ufficio Tributario's Imposte indirette section at import; there is no periodic VAT/GST return.
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Il settore si occupa della riscossione della imposta sulle importazioni e dell’imposta complementare e delle procedure connesse.
- Payroll withholding
- Not in our records
gov.sm/pub2/GovSM/dam/jcr:f3a4343c-3454-498c-805d-d000eac2412d/Raccolta%20delle%20principali%20circolari%20in%20materia%20di%20imposta%20IGRprot.pdf inaccessible when checked
Running the company
Running a company here
Not in our records The authorities’ pages on running a company have not been read for San Marino yet.
Economy and trade
What it exports
Goods San Marino exported, by product, as a share of its goods exports each year. Exports include goods passing through for re-export. A share describes San Marino’s own trade; it does not compare places.
| Product (HS heading) | 2022 | 2023 | 2024 | Value, 2024 |
|---|---|---|---|---|
| Dishwashing machines; machinery for cleaning or drying bottles or other containers; machinery for filling, closing, sealing or labelling bottles, cans, boxes, bags or other containers; machinery for capsuling bottles, jars, tubes and similar containers; other packing or wrapping machinery (including heat-shrink wrapping machinery); machinery for aerating beverages HS 8422 | 24.3% | 22.8% | 23.6% | US$55 m |
| Food preparations not elsewhere specified or included HS 2106 | 7.4% | 10.8% | 11.4% | US$26 m |
| Medicaments (excluding goods of heading 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packings for retail sale HS 3004 | 4.4% | 6.6% | 5.9% | US$14 m |
| Machine tools (including machines for nailing, stapling, glueing or otherwise assembling) for working wood, cork, bone, hard rubber, hard plastics or similar hard materials HS 8465 | 8.5% | 6.3% | 4.4% | US$10 m |
| Other furniture and parts thereof HS 9403 | 5.6% | 2.7% | 2.6% | US$6 m |
| Preparations of a kind used in animal feeding HS 2309 | 1.3% | 1.8% | 2.1% | US$5 m |
| Machine tools for working stone, ceramics, concrete, asbestos-cement or like mineral materials or for cold working glass HS 8464 | 1.1% | 2.0% | 1.8% | US$4 m |
| Woven fabrics of carded wool or of carded fine animal hair HS 5111 | 0.29% | 0.36% | 1.4% | US$3 m |
| Aluminium bars, rods and profiles HS 7604 | 1.1% | 1.0% | 1.4% | US$3 m |
| Medicaments (excluding goods of heading 3002, 3005 or 3006) consisting of two or more constituents which have been mixed together for therapeutic or prophylactic uses, not put up in measured doses or in forms or packings for retail sale HS 3003 | 3.4% | 1.2% | 1.3% | US$3 m |
Total goods exports, 2024: US$231 m. The ten largest headings are shown.