21/11/2025 (Agence Europe) – On Thursday 20 November, the Council of the EU approved updates to the tax cooperation and transparency agreements concluded by the EU with five neighbouring countries: Switzerland, Liechtenstein, Andorra, Monaco and San Marino (see EUROPE 13728/36). The updated agreements reflect the new international standards in this field, drawn up by the OECD. They extend the automatic exchange of information about financial accounts between the EU and these countries to include electronic money products and digital currencies. They also establish a new framework for cooperation on the recovery of value-added tax (VAT) and the prevention of tax fraud and evasion. They will take effect on 1 January 2026. The EU will also seek to further deepen its cooperation with Switzerland on tax matters. (Original version in French by Anne Damiani)