AGP Executive Report
Last update: 4 hours agoTax Policy: Monaco has cut business tax-fraud surcharges from as much as four times the unpaid tax to 40% for bad faith and 80% for fraud, while raising the maximum late-filing fine from €75 to €700. The rules apply to financial years starting on or after 1 January 2026. Financial Reputation: Monaco’s removal from the FATF grey list is a boost for the Principality’s €190 billion wealth hub, though officials say further reforms are still needed. Business Innovation: Monaco-based Grogenics has won a Blue Circle Award for its work turning Caribbean waste into organic fertiliser.
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