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EU and Monaco sign new tax transparency agreement

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On 12 July, the EU and Monaco signed a new tax transparency agreement, under which they will automatically exchange information on the financial accounts of each other’s residents from 2018.

Member states will receive the names, addresses, tax identification numbers and dates of birth of their residents with accounts in Monaco, with details of income such as interest and dividends, as well as information on account balances and proceeds from the sale of financial assets, in accordance with the new OECD/G20 global standard for the automatic exchange of information. See

Issue: 1317
Categories: News , International taxes