Monaco Advances Landmark Bill No. 1129 on OECD Pillar Two Tax Framework as Prince Albert II Reaffirms Sovereign Multilateralism at Council of Europe

Aligning Sovereign Legislation with International OECD Pillar Two Standards

MONTE CARLO, Monaco — In a historic legislative milestone underscoring the Principality’s commitment to fiscal transparency, international compliance, and economic sovereignty, the Prince’s Government of Monaco, under the high guidance of His Serene Highness Prince Albert II, has submitted Bill No. 1129 (Projet de loi n° 1129) to the Conseil National. The landmark legislation formally incorporates the OECD Pillar Two global minimum tax framework into Monegasque domestic law, establishing a minimum effective tax rate of 15 percent for large multinational enterprise groups.

Targeting corporate conglomerates with consolidated annual revenues exceeding €750 million, the reform is scheduled to take effect for fiscal years beginning on or after December 31, 2026. The structured legislation safeguards Monaco’s renowned economic dynamism and domestic small-to-medium businesses while ensuring the Principality meets top-tier international standards set by the OECD and the European Union, preventing aggressive cross-border base erosion and profit shifting.

Prince Albert II Champions Rule of Law at the Council of Europe in Strasbourg

The domestic legislative push unfolds as Monaco plays a prominent leadership role on the continental diplomatic stage. Holding the prestigious Presidency of the Committee of Ministers of the Council of Europe, Prince Albert II conducted an official visit to Strasbourg, addressing the Parliamentary Assembly with a passionate defense of multilateralism, human rights, and the international rule of law.

During his high-level address, the Sovereign Prince emphasized that small European nations possess an indispensable moral responsibility to defend sovereign equality, peace, and democratic governance in times of global geopolitical uncertainty. Prince Albert also convened bilateral consultations with leadership from the European Court of Human Rights and the Secretary General, reaffirming Monaco's resolute support for international legal conventions.

Representing Monaco at the 81st United Nations General Assembly

Complementing the European presidency, Monaco’s Minister of State, Christophe Mirmand, represented the Principality at the 81st Session of the United Nations General Assembly in New York. Delivering Monaco's sovereign address on behalf of Prince Albert II, the Minister of State highlighted the Principality’s aggressive diplomatic leadership in ocean conservation, the rapid ratification of the High Seas Biodiversity Treaty (BBNJ), and the vital defense of maritime ecosystems against industrial pollution and climate breakdown.

The international diplomatic achievements coincide with a historic domestic demographic milestone: the Principality officially registered its 10,000th Monegasque citizen, reflecting steady civic vitality and community growth within the sovereign microstate.

A Global Benchmark for Modern Sovereign Governance

Government authorities and economic leaders in Monte Carlo emphasized that combining rigorous international fiscal alignment with visionary diplomatic leadership demonstrates the enduring resilience of Monaco's constitutional monarchy. By harmonizing global transparency, economic competitiveness, and unwavering environmental stewardship, Monaco continues to thrive as an exemplary, forward-looking sovereign state in the modern international order.