Monaco has published Sovereign Ordinance No. 9.818 of 9 March 2023 in the Official Gazette, which provides that the income tax treaty with Montenegro entered into force on 14 January 2023. The treaty, signed 29 May 2019, is the first of its kind between the two countries.

Taxes Covered

The treaty covers Monaco profit tax on commercial income levied from individual persons and profit tax lev…