Guernsey has announced that its income tax treaty with Monaco will enter into force on 9 May 2015. The treaty, signed 7 April 2014 in Guernsey and 14 April 2014 in Monaco, is the first of its kind between the two jurisdictions. Taxes Covered The treaty covers Guernsey income tax, and Monaco profit tax on commercial income of individuals and profit tax on companies. Withholding Tax Rates Dividends - 0% Interest - 0% Royalties - 0% Capital Gains The following capital gains derived by a resident of one Contracting Party may be taxed by the other Party: Gains from the...