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Feed/NLE2016/0109(NLE)Foreign Affairs

EU-Monaco: Protocol on measures equivalent to Directive 2003/48/EC

COMCMT1R-EP1R-C2R-EPCNCADO
Updated 119mo ago
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This procedure concerns a protocol to the agreement between the EU and Monaco regarding the exchange of information on savings. It aims to ensure that Monaco implements measures equivalent to EU standards for combating tax evasion and increasing financial transparency.

This affects financial institutions and taxpayers in Monaco, as it strengthens the ability of EU member states to obtain information on accounts held by their residents in Monaco.