A coated panel with a substrate and a decorative top layer, such that the decorative top layer includes a print and a transparent wearing layer applied thereon. The panel has a lowered edge region at least on one edge. Both the aforementioned print and the aforementioned wearing layer extend continuously from on the central area of the panel over the aforementioned lowered edge region. The aforementioned wearing layer has a lower degree of gloss at the location of the lowered edge region than on the central area of the aforementioned coated panel and/or has a degree of gloss of 10 or less measured according to DIN 67530. A method for manufacturing is provided for the coated panel and to a milling tool applied therewith.