EU: Updates to list of non-cooperative jurisdictions (four added to “black list”, revisions to “grey list”)
Conclusions on list of non-cooperative jurisdictions adopted by Council of the European Union
Conclusions on list of non-cooperative jurisdictions adopted
The Council of the European Union today adopted conclusions on the list of non-cooperative jurisdictions.
The Council agreed to add the Marshall Islands to Annex I (the so-called “blacklist”) and move three jurisdictions from Annex II (the so-called “grey list”) to Annex I: British Virgin Islands, Costa Rica and Russian Federation.
Following this latest revision, the EU blacklist now consists of the following 16 jurisdictions: American Samoa, Anguilla, the Bahamas, British Virgin Islands, Costa Rica, Fiji, Guam, Marshall Islands, Palau, Panama, Russian Federation, Samoa, Trinidad and Tobago, Turks and Caicos Islands, U.S. Virgin Islands and Vanuatu.
In addition, Albania, Aruba and Curaçao were added to the grey list while four jurisdictions were removed from the grey list as they had fulfilled their previous commitments (Barbados, Jamaica, North Macedonia and Uruguay).
As a result, the grey list now includes the following 18 jurisdictions: Albania, Armenia, Aruba, Belize, Botswana, Curaçao, Dominica, Eswatini, Hong Kong, Israel, Jordan, Malaysia, Montserrat, Qatar, Seychelles, Thailand, Turkey and Vietnam.
Read a February 2023 report prepared by KPMG’s EU Tax Centre
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