{"id":8867,"date":"2023-01-03T11:41:22","date_gmt":"2023-01-03T10:41:22","guid":{"rendered":"https:\/\/gbmlf.miam.dev\/?p=8867"},"modified":"2023-01-03T11:42:25","modified_gmt":"2023-01-03T10:42:25","slug":"automatic-exchange-of-information-financial-accounts-jurisdictions-subject-to-declaration-ministerial-order-n2022-729-of-21-december-2022","status":"publish","type":"post","link":"https:\/\/gbmlf.miam.dev\/en\/automatic-exchange-of-information-financial-accounts-jurisdictions-subject-to-declaration-ministerial-order-n2022-729-of-21-december-2022\/","title":{"rendered":"Automatic exchange of information (financial accounts): jurisdictions subject to declaration (Ministerial Order n\u00b02022-729 of 21 December 2022)"},"content":{"rendered":"

03.01.2023<\/p>\n

Tax Cooperation \u2022 International \u2022 EU \u2022 OECD \u2022 Council of Europe<\/strong><\/p>\n

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Patricia KEMAYOU MENGUE<\/a><\/p>\n

Ministerial Order No. 2022-729 of 21 December 2022<\/a> (JDM No. 8623 of 30 December 2022), which repeals and replaces Ministerial Order No. 2021-783 of 10 December 2021 as of 1 January 2023<\/span>, sets the list of “reportable”, “partner” and “non-reciprocal” jurisdictions<\/span> in the context of the automatic exchange of financial account information under the Common Reporting Standard (CRS), pursuant to the following international instruments:<\/strong><\/p>\n

\u2022 OECD\/Council of Europe Convention on Mutual Administrative Assistance in Tax Matters <\/strong>(Order No. 6.205 of 16 December 2016);<\/strong><\/p>\n

\u2022 Multilateral Agreement between Competent Authorities on the Automatic Exchange of Financial Account Information <\/strong>(Order No 6.206 of 16 December 2016);<\/strong><\/p>\n

\u2022 Protocol amending the Agreement between the European Community and the Principality of Monaco providing for measures equivalent to those laid down in Directive 2003\/48\/EC <\/strong>(Order 6.207 of 16 December 2016).<\/strong><\/p>\n

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SUMMARY :<\/p>\n

\u2014 Peru <\/span>is added to the list of jurisdictions subject to declaration<\/span> in Monaco.<\/strong><\/p>\n

\u2014 The list of partner jurisdictions<\/strong> (with which Monaco has entered into negotiations to proceed with automatic exchange, which allows Monegasque financial institutions to apply lighter due diligence procedures when their clients are residents of these jurisdictions) and the<\/strong> list of non-reciprocal jurisdictions<\/strong> (sending information to Monaco, but not wishing to receive information in return on the financial activities of their residents established in Monaco) are unchanged<\/strong>.<\/p>\n

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IN DETAIL :<\/p>\n

\u2014 List of jurisdictions subject to declaration<\/span> as of 1 January 2023<\/strong> (Art. 1 Minist\u00e9rial Order No. 2022-729): Albania, Andorra, Argentina, Australia, Austria, Azerbaijan, Belgium, Brazil, Bulgaria, Canada, Chile, China, Colombia, Croatia, Cyprus, Cura\u00e7ao, Denmark, Ecuador, Estonia, Finland, France, Germany, Gibraltar, Greece, Greenland, Guernsey, Hong Kong, Hungary, Isle of Man, Mauritius, Faroe Islands, India, Saudi Arabia, South Africa, Spain, Indonesia, Iceland, Ireland, Israel, Italy, Jamaica, Japan, Jersey, Latvia, Liechtenstein, Lithuania, Luxembourg, Malaysia, Malta, Mexico, Netherlands, New Zealand, Nigeria, Norway, Panama, Peru<\/span>, Poland, Portugal, Romania, Russian Federation, San Marino, Seychelles, Singapore, Slovakia, Slovenia, Sweden, Switzerland, United Kingdom, Uruguay.<\/p>\n

\u2014 List of partner jurisdictions<\/span> as of 1 January 2023<\/strong> (Art. 2 Minist\u00e9rial Order No. 2022-729) : Barbados, Brunei Darussalam, Costa Rica, Cook Islands, Grenada, Kuwait, Pakistan, Saint Vincent and the Grenadines, Vanuatu.<\/p>\n

\u2014 List of non-reciprocal jurisdictions<\/span> as of 1 January 2023<\/strong> (Art. 3 Ministerial Order No. 2022-729) : Anguilla, Aruba, Bahamas, Bermuda, Cayman Islands, British Virgin Islands, Lebanon, Montserrat, Nauru, St Kitts and Nevis, Samoa, Turks and Caicos Islands, United Arab Emirates.<\/p>\n

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Related publication:<\/strong><\/p>\n

Agreements and conventions signed by the Principality of Monaco in tax matters<\/a><\/p><\/blockquote>\n