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EU-Monaco Financial Information Exchange Agreement

Summary

The European Parliament approved an amendment to the EU-Monaco agreement to enable the automatic exchange of financial account information for better tax transparency.
10 18.10.2016
Other
economy
taxation
european union
international relations
financial institutions and credit

Key points

  • The European Parliament officially approved the conclusion of the Amending Protocol to the agreement with Monaco.
  • The agreement ensures that financial information exchange measures are equivalent to EU standards.
  • The protocol facilitates the automatic sharing of financial account data between authorities.
  • This measure aims to strengthen international cooperation in the field of taxation.
Documents (PDFs)
REPORT on the proposal for a Council decision on the conclusion, on behalf of the European Union, of the Amending Protocol to the Agreement between the European Community and the Principality of Monaco providing for measures equivalent to those laid down in Council Directive 2003/48/EC EU-Monaco agreement on the automatic exchange of financial account information *
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