Monaco signs the Multilateral Competent Authority Agreement

On December 15, 2015 the OECD issued a press release announcing that on that same date Monaco signed the Multilateral Competent Authority Agreement (MCAA), bringing the total number of signatories to 76. According to the overview of Signatories of the MCAA and the intended first information exchange date, Monaco intends its first exchange of information to take place in September 2018.

The Convention on Mutual Administrative Assistance in Tax Matters provides a comprehensive multilateral framework for the exchange of information and assistance in tax collection. Its coverage includes administrative assistance between tax authorities for information exchange on request, automatic exchange of information, simultaneous tax examinations and assistance in the collection of tax debts.

Click here to be forwarded to the list of the SIGNATORIES OF THE MULTILATERAL COMPETENT AUTHORITY AGREEMENT AND INTENDED FIRST INFORMATION EXCHANGE DATE (still mentioning that it shows the status as of December 3, 2015, but Monaco has been added to the list of signatories) as available on the website of the OECD, which will open in a new window.