EU finance ministers have up to date the EU checklist of non-co-operative tax jurisdictions. The checklist displays the EU’s agency dedication to tax transparency and truthful taxation globally.
Following the replace, no new jurisdictions have been added to the checklist of non-cooperative jurisdictions (Annex I), which at the moment consists of 11 jurisdictions: American Samoa, Anguilla, Fiji, Guam, Palau, Panama, the Russian Federation, Samoa, Trinidad & Tobago, US Virgin Islands, and Vanuatu. The replace highlights various constructive developments in a few of these jurisdictions, reflecting ongoing efforts to handle areas of concern.
Additionally, there have been modifications to the state of play doc (Annex II), which displays ongoing EU cooperation with worldwide companions. Its objective is to recognise ongoing constructive work within the discipline of taxation, and to encourage the constructive method taken by cooperative jurisdictions to implement tax good governance requirements. Viet Nam was faraway from Annex II after taking the required steps to make sure compliance with the implementation of Base Erosion and Profit Shifting (BEPS) minimal requirements on Country-by-Country Reporting. Five jurisdictions made new formal commitments to handle deficiencies in tax transparency and Country-by-Country reporting, bringing the overall of jurisdictions in Annex II to 11. This issues: Antigua and Barbuda, Belize, British Virgin Islands, Brunei Darussalam, Eswatini, Greenland, Jordan, Montenegro, Morocco, Seychelles, and Türkiye. The EU will carefully monitor these commitments to ensure they’re adopted up throughout the out there timeframe.
The EU checklist is up to date twice a yr, to replicate modifications in jurisdictions’ tax insurance policies and cooperation ranges. This ensures that it stays related and correct over time.
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