Guernsey – Monaco Tax Treaty Enters Into Force

The Income Tax Treaty between Guernsey and Monaco entered into force on 9 May 2015 and its provisions will take effect from 1 January 2016.

The Treaty was signed on 7 April 2014.

In accordance with the treaty, the following withholding taxes will apply:

Dividends: 0%.

Interest: 0%.

Royalties: 0%.