Monaco joins convention on tax assistance

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Monaco joins convention on tax assistance

Monaco has become the latest jurisdiction to sign the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, the international instrument developed jointly by the OECD and the Council of Europe to fight international tax avoidance and evasion

The Convention, including those part of it by territorial extension, now reaches 84 jurisdictions. Sixty eight have signed it, the latest  before Monaco being the Philippines last month.

“Today’s [October 13] signing is an important new signal that Monaco is seriously committed to the international fight against offshore tax avoidance and evasion,” said Angel Gurria, the OECD’s secretary general, after a ceremony at the Organisation’s headquarters with José Badia, the Principality of Monaco’s Minister for Foreign Affairs and Cooperation.

The Convention will enter into force on the January 1 after the date on which it is ratified by Monaco.

All examples of exchange of information, including on request and spontaneous, are part of the Multilateral Convention. Automatic exchange is also an option under the Convention if parties agree to it. The Convention covers other forms of mutual assistance such as tax examinations abroad, simultaneous tax examinations and assistance in tax collection.

more across site & shared bottom lb ros

More from across our site

Uncertainty isn’t always a bad thing, but it’s easy to see how the Trump administration’s IRS commissioner merry-go-round may serve to undermine business confidence
The EU defended its ‘sovereign right’ to impose the tax in the face of US tariff threats; in other news, the US deputy Treasury secretary resigned after just five months
Ascoria’s chief revenue officer shares her career wisdom garnered from the disparate worlds of tax technology, electric cables, radio DJing and more
Businesses no longer have a choice when it comes to tax technology transformation. Pavlo Boyko of TMF Group says the question is simply: sink or swim?
The firm is hunting for a senior TP manager in its quest to build a full-service practice in Indonesia, A&M Tax’s Jakarta head Jaap Zwaan tells ITR
With a new government in place, the evolving tax landscape presents both opportunities and challenges for taxpayers
Major economies have expressed concerns, with China arguing a US global minimum tax exemption would be a violation of the principle of fair competition – ITR understands
Senator Richard Colbeck told ITR he was concerned by the decision to let PwC Australia tender for government contracts again after a scandal-induced ban
Whether it be due to a fragmented advisory market or a rise in M&A, Italy’s frenetic hiring has not gone unnoticed by ITR’s Talent Tracker
The deal gives Azets 14 new partners and boosts its Swedish revenues to over $100 million; in other news, Svalner Atlas launched in Copenhagen
Gift this article