According to an update to the IRS Country-by-Country Reporting Jurisdiction Status Table, the U.S. signed a competent authority arrangement on the exchange of Country-by-Country (CbC) reports with Monaco on 5 November 2020. The arrangement is operative (effective) from the date it was signed.
The arrangement provides that pursuant to Article 1 of the 2009 U.S.- Monaco tax information exchange agreement, each competent authority intends to automatically exchange CbC reports received from ea…