As part of continuing efforts to boost transparency by multinational enterprises (MNEs), Monaco has signed the Multilateral Competent Authority Agreement for Country-by-Country Reporting (CbC MCAA), bringing the total number of signatories to 66.
OECD Secretary-General Angel Gurría welcomed today the Principality of Monaco’s commitment to strengthen international tax co-operation after it became the 84th jurisdiction participating in the Multilateral Convention on Mutual Administrative Assistance in Tax Matters.
The Global Forum on Transparency and Exchange of Information for Tax Purposes has released peer review reports assessing the tax systems of 13 jurisdictions for information exchange.
At the Global Forum in Cape Town, South Africa, delegates from 81 jurisdictions and 11 international organisations evaluated whether all Forum members are exchanging tax information effectively.
This report summarises the legal and regulatory framework for transparency and exchange of information for tax purposes in Monaco.
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Agreement between the Faroes and Monaco for the exchange of information relating to tax matters
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Agreement between Greenland and Monaco for the exchange of information relating to tax matters
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Agreement between Australia and Monaco for the exchange of information relating to tax matters
Since May 2009 no jurisdiction is currently listed as an unco-operative tax haven by the OECD's Committee on Fiscal Affairs.