Member states update EU list of non-cooperative tax jurisdictions

EU finance ministers have updated the EU list of non-co-operative tax jurisdictions. The list reflects the EU's firm commitment to tax transparency and fair taxation globally.    

Following the update, no new jurisdictions were added to the list of non-cooperative jurisdictions (Annex I), which currently consists of 11 jurisdictions:  American Samoa, Anguilla, Fiji, Guam, Palau, Panama, the Russian Federation, Samoa, Trinidad & Tobago, US Virgin Islands, and Vanuatu. The update highlights a number of positive developments in some of these jurisdictions, reflecting ongoing efforts to address areas of concern.  

Additionally, there were changes to the state of play document (Annex II), which reflects ongoing EU cooperation with international partners. Its purpose is to recognise ongoing constructive work in the field of taxation, and to encourage the positive approach taken by cooperative jurisdictions to implement tax good governance standards. Viet Nam was removed from Annex II after taking the necessary steps to ensure compliance with the implementation of Base Erosion and Profit Shifting (BEPS) minimum standards on Country-by-Country Reporting.  Five jurisdictions made new formal commitments to address deficiencies in tax transparency and Country-by-Country reporting, bringing the total of jurisdictions in Annex II to 11. This concerns: Antigua and Barbuda, Belize, British Virgin Islands, Brunei Darussalam, Eswatini, Greenland, Jordan, Montenegro, Morocco, Seychelles, and Türkiye. The EU will closely monitor these commitments to make sure they are followed up within the available timeframe.  

The EU list is updated twice a year, to reflect changes in jurisdictions' tax policies and cooperation levels. This ensures that it remains relevant and accurate over time.

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