The EU Council has updated the list of uncooperative jurisdictions for tax purposes.
The first category, based on Annex I, also known as the ‘black list’, has not changed and is still made up of 11 jurisdictions considered to be non-cooperative: American Samoa, Anguilla, Fiji, Guam, Palau, Panama, Russia, Samoa, Trinidad and Tobago, US Virgin Islands and Vanuatu.
The second category, the ‘grey list’ based on Annex II, made up of jurisdictions that have undertaken to comply with the EU's standards of good tax governance, having remedied their shortcomings in terms of automatic exchange of tax information, has also evolved. Costa Rica and Curaçao have been removed from the list, and Brunei Darussalam has been added to the list which now comprises : Antigua and Barbuda, Belize, British Virgin Isalnds, Brunie Darussalam, Eswatini, Seychelles, Turkiye, Vietnam. The EU will closely monitor these commitments to ensure they are implemented within the available timeframe.
For more information on this list or its implications, please contact office@rosemont-mc.com