The EU Council has updated its tax blacklist and grey list – October 2026
On 9 October 2026, the Council of the European Union updated its list of non-cooperative jurisdictions for tax purposes.
Annex I, commonly known as the “blacklist”, now comprises eight jurisdictions: American Samoa, Anguilla, Guam, Palau, the Russian Federation, Turks and Caicos Islands, the US Virgin Islands and Vanuatu.
Panama and Vietnamm have moved from Annex I to Annex II following progress in addressing outstanding issues. Both remain subject to an in-depth review of their exchange of information frameworks.
Annex II, commonly known as the “grey list”, now comprises ten jurisdictions: the British Virgin Islands, Brunei Darussalam, Eswatini, Greenland, Jordan, Montenegro, Morocco, Panama, Türkiye and Viet Nam.
Belize has been removed from Annex II after meeting the international standard on exchange of information on request. Brunei Darussalam has been granted additional time to reform its tax framework.
The grey list records jurisdictions cooperating with the EU to meet tax good governance standards, covering tax transparency, fair taxation and anti-BEPS measures. The EU will continue monitoring their progress and outstanding commitments.
For more information on this list or its implications, please contact office@rosemont-mc.com