EU list of non-cooperative jurisdictions for tax purposes was updated

October 07, 2020

In short: Cayman Islands and Oman were removed from the list of non-cooperative jurisdictions, Barbados and Anguilla were added in their place.

On October 6, the EU authorities excluded the Cayman Islands and Oman from the list of countries that don’t comply with tax cooperation obligations. As it stated in the official message of the EU Council, these jurisdictions have adopted the necessary reforms to improve tax policy, which made it possible to decide to exclude them from this list.

However, Barbados and Anguilla, after an expert assessment, showed a low level of compliance with the international EOIR standard, so they were included in the European list of countries and territories that do not cooperate with the EU on tax evasion.

In addition to Barbados and Anguilla, the “black list” also includes: American Samoa, Fiji, Guam, Palau, Panama, Samoa, Seychelles, Trinidad and Tobago, the Us Virgin Islands and Vanuatu.

Official statement of EU Council: https://dmsgovernance.com/wp-content/uploads/2020/10/EU-list-of-non-cooperative-jurisdiction…n-Islands-and-Oman-removed-Consilium.pdf

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