Monaco has retained the highest possible rating from the Organisation for Economic Co-operation and Development (OECD) for its exchange of tax information practices, reinforcing the Principality’s reputation for meeting international transparency standards…
The OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes published its enhanced follow-up report on Friday, June 19, following Monaco’s presentation before the organisation’s Peer Review and Monitoring Group in Paris in March. The assessment confirmed Monaco’s status as “Compliant”, the highest rating available under the OECD evaluation framework.
The result follows the same top rating awarded to the Principality in 2018 and reflects the continued effectiveness of Monaco’s legal and operational framework for international tax cooperation. Authorities said the outcome demonstrates the rigorous and consistent application of international standards over time, despite increasingly demanding regulatory requirements.
The report also recognises the efforts of the institutions and professionals involved in maintaining a system that remains aligned with the expectations of the international community. In a financial and regulatory environment that continues to evolve rapidly, the Principality has sought to adapt its practices while maintaining high levels of transparency and cooperation.
For Monaco, retaining the “Compliant” rating represents an important endorsement of its long-term commitment to international standards and its ability to respond successfully to successive rounds of OECD evaluation and scrutiny.