On 3 March 2022, the updated EU list of non-cooperative jurisdictions for tax purposes became effective following its publication in the Official Journal of the European Union.
Key Updates:
- EU Blacklist (Annex I)
There were no changes to the EU list of non-cooperative jurisdictions (commonly referred to as the “blacklist”). The list continues to include the following nine jurisdictions:- American Samoa
- Fiji
- Guam
- Palau
- Panama
- Samoa
- Trinidad and Tobago
- US Virgin Islands
- Vanuatu
- EU Grey List (Annex II)
Ten jurisdictions were newly added to the EU list of jurisdictions under monitoring for their commitments to meet EU standards (commonly referred to as the “grey list”). The grey list now comprises the following 25 jurisdictions, with new additions indicated in bold:- Anguilla
- Bahamas
- Barbados
- Belize
- Bermuda
- Botswana
- British Virgin Islands
- Costa Rica
- Dominica
- Hong Kong
- Israel
- Jamaica
- Jordan
- Malaysia
- Montserrat
- North Macedonia
- Qatar
- Russian Federation
- Seychelles
- Thailand
- Tunisia
- Turkey
- Turks and Caicos Islands
- Uruguay
- Vietnam
George Kaimakliotis & Co Ltd is ready to assist you in understanding the implications of these updates and how they may affect your tax planning and compliance. Whether you need tailored advice or support in navigating these regulatory changes, our team is here to ensure your interests are protected and aligned with the latest EU requirements.
Reach out to us today for personalized guidance.
