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12.5. Other Anti-Avoidance Rules

Tax Information Exchange Agreements (TIEAs)

Tax Information Exchange Agreements (TIEAs) provide for the exchange of information on tax matters and Monaco has concluded TIEAs with 22 countries, including Andorra, Argentina, Australia, Austria, the Bahamas, Belgium, the Czech Republic, Denmark, the Faroe Islands, Finland, Greenland, Iceland, India, Italy, the Netherlands, Norway, San Marino, Samoa, South Africa, Sweden, the United Kingdom and the United States of America.

Financial Account Information Reporting and Exchange

Effective 2017, Monaco has adopted measures to implement the automatic exchange of financial account information with the global standard for exchange of information developed by the OECD under the Common Reporting Standard (CRS).