The Council of the European Union has updated its list of non-cooperative jurisdictions for tax purposes, as part of its broader effort to promote tax good governance worldwide.
This latest revision reflects both progress and ongoing concerns, highlighting the dynamic and evolving nature of the EU’s monitoring of international tax practices.
The first category, based on Annex I — also known as the “black list” — has changed and now includes 10 jurisdictions considered to be non-cooperative: American Samoa, Anguilla, Guam, Palau, Panama, Russia, Turks and Caicos Islands, US Virgin Islands, Vanuatu and Vietnam. Fiji, Samoa and Trinidad and Tobago have been removed after complying with international tax standards, while Turks and Caicos Islands and Vietnam have been added.
The second category, the “grey list” based on Annex II, includes jurisdictions that have committed to complying with the EU’s standards of good tax governance but remain under monitoring while implementing their reforms. Following the latest update, nine jurisdictions are listed: Belize, British Virgin Islands, Brunei Darussalam, Eswatini, Greenland, Jordan, Montenegro, Morocco and Turkey. Seychelles and Antigua and Barbuda have been removed after fulfilling their commitments.
The EU will continue to closely monitor these jurisdictions to ensure reforms are implemented within the agreed timeframe.
For more information, please contact office@rosemont-mc.com
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