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 |
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| Clause(s) |
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| 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
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| Last Update : 16/08/2007 |