EU UPDATES LIST OF NON-COOPERATIVE JURISDICTIONS

On 22 February, STEP reported that the EU Council of Ministers has amended the list of non-cooperative jurisdictions for tax purposes, removing Barbados and adding Dominica to the so-called Annex I blacklist.  There are now 12 jurisdictions on the Annex I list: American Samoa, Anguilla, Dominica, Fiji, Guam, Palau, Panama, Samoa, Seychelles, Trinidad and Tobago, the US Virgin Islands and Vanuatu.  Amendments have also been made to the EU’s Annex II ‘grey list’ of jurisdictions that do not yet comply with all international tax standards but that have made ‘sufficient commitments to implement tax good governance principles’.  Jamaica has been added to the Annex II list as it has committed to amend or abolish its special economic zone tax regime by the end of 2022.  Australia and Jordan have been granted an extension to their deadline for fulfilling their commitments, while the Maldives has been given four additional months to ratify the OECD Multilateral Convention on Mutual Administrative Assistance.  Morocco, Namibia and Saint Lucia have been moved to the white list.

https://www.step.org/industry-news/eu-updates-list-non-cooperative-jurisdictions

I would be grateful for any modest contribution for my time and ongoing costs of computer, relocation, and (still ongoing) removal costs, I have a page, where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s