The agreement on the exchange of information regarding tax matters (hereinafter “the Agreement”) between the Czech Republic and the Principality of Monaco which was signed on July 31, 2014 in Monaco was announced on April 18, 2016 in the collection of International Treaties under no. 17/2016.
The object of the Agreement is the exchange of information relating to the selected taxes to which the parties have agreed in the expert negotiation.
This Agreement entered into force in accordance with Article 13 on March 2, 2016 and its provisions shall affect criminal cases dating back to March 2, 2016 and on other matters starting on 1. January 2017.
The direct request of a competent authority of a contacting state to provide information for proper assessment, tax collection and the enforcement of tax is the benefit of this agreement concluded.
Impact on investors: The TIEA between the Czech Republic and the Principality of Monaco will help create a favourable tax environment between the two countries