Mali Approves Tax Treaty with Monaco

On 3 August 2015, Mali approved for ratification the pending income tax treaty with Monaco. The treaty, signed 13 February 2012, is the first of its kind between the two countries.

Taxes Covered

The treaty covers Monaco income tax, and covers Malian:

• Tax on wages and salaries;
• Tax on business profits;
• Corporation tax;
• Tax on property income;
• Tax on income from securities;
• Tax on agricultural profits;
• Tax on capital gains from the sale of movable and immovable property; and
• Mining royaltie…