On 18 February, EU finance ministers updated the EU list of non-cooperative tax jurisdictions. As part of the EU listing process, jurisdictions are assessed on tax transparency, fair taxation and real economic activity. Those that fall short are asked for a commitment to address deficiencies within a set deadline.
What is new?
- 12 jurisdictions have been added to the list of non-cooperative tax jurisdictions:
- 8 who were already on the blacklist, due to lack of commitment or progress in delivering on their commitments: American Samoa, Fiji, Guam, Oman, Samoa, Trinidad and Tobago, US Virgin Islands, Vanuatu;
- 3 who have been added to Annex I for failing to meet their 2019 commitments: Cayman Islands, Palau, Seychelles,
- 1 who was downgraded in its transparency rating by the Global Forum, and therefore automatically blacklisted: Panama
- 12 jurisdictions have been completely delisted: Armenia, Antigua and Barbuda, Bahamas, Bermuda, Belize, British Virgin Islands, Cabo Verde, Cook Islands, Marshall Islands, Montenegro, St Kitts and Nevis, Vietnam.
- 13 jurisdictions remain on the “grey list”. This is because Member States agreed on limited flexibility for certain jurisdictions, under strict conditions, due to specific circumstances.
FAQ about EU list
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