Important legal notice
 
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Summary of Treaty


GENERAL DATA
Official Title Agreement between the European Community and the Principality of Monaco providing for measures equivalent to those laid down in Council Directive 2003/48/EC
Type of Agreement Bilateral
Place of Signature Brussels
Date of Signature 07/12/2004
Date of Entry Into Force 01/07/2005
Duration Indefinite
Objective of Agreement Agreement on securing the adoption by Monaco of measures equivalent to those to be applied within the Community to ensure effective taxation of savings income in the form of interest payments.
Remarks The Agreement lays down the definition of terms such as “beneficial owner”, and the necessary procedures to allow paying agents to identify beneficial owners and their residence. It provides for the exchange of information between competent authorities.
OJ Reference L19, 21/01/2005, p. 55
Contracting Parties European Community, Monaco
Authentic Texts Czech, Danish, Dutch, English, Estonian, Finnish, French, German, Greek, Hungarian, Italian, Latvian, Lithuanian, Maltese, Polish, Portuguese, Slovakian, Slovenian, Spanish, Swedish
Subject Matters EC agreement
Monaco
Taxation
interest
savings
tax on income
tax system
Clause(s)
Suspension Article 14 Agreement
Territorial application Article 19 Convention
EU PARTICIPATION
Conclusion Decision Council Decision of 7 December 2004 on the signing of the Agreement between the European Community and the Principality of Monaco providing for measures equivalent to those laid down in Council Directive 2003/48/EC on taxation of savings income in the form of interest payments and the approval and signing of the accompanying Memorandum of Understanding; OJ L 19 of 21/01/2005, p.53
Competence Exclusive
Legal Basis Treaty EC: Article 94



Last Update :   16/08/2007