<h1>India and Monaco Sign Tax Information Exchange Agreement to Boost Transparency and Cooperation in Tax Matters.</h1> India and Monaco have signed a Tax Information Exchange Agreement (TIEA), marking India's ninth such agreement. The TIEA is based on international standards of transparency and mandates that exchanged information be relevant to the enforcement of domestic tax laws. The agreement ensures confidentiality, allowing disclosure only to specified tax authorities or with consent for broader sharing. It includes provisions for sharing banking and ownership information and permits tax examinations abroad. The agreement facilitates immediate information exchange upon its entry into force, enhancing cooperation between the two countries in tax matters.