The EU and Monaco have today initialled a new tax transparency agreement marking another major step forward in the fight against tax evasion. The agreement provides that Monaco and EU Member States will automatically exchange information on the financial accounts of one another's residents from 2018. The information will start being collected from 1 January 2017. The formal signature of the new agreement is to take place before summer, as soon as the Council has authorised the Commission's proposal. The agreement reflects the Principality's political will to move towards greater tax transparency.

Press release


Informatiesoort: Nieuws

Rubriek: Europees belastingrecht

H&I: Previews


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