Updated List of Non Cooperative Jurisdictions with EU

On October 4, 2022, the Council of the EU adopted an updated list of non-cooperating jurisdictions and the status of the commitments made by the cooperating jurisdictions to implement the principles of good tax governance (the so-called “grey list”).

The Council agreed to move Anguilla, the Bahamas, and the Turks and Caicos Islands from the gray list to the list of non-cooperative jurisdictions.

Following this latest revision, the list of non-cooperative EU jurisdictions includes the following twelve jurisdictions: American Samoa, Anguilla, Bahamas, Fiji, Guam, Palau, Panama, Samoa, Trinidad and Tobago, Turks and Caicos Islands, US Virgin Islands, Vanuatu.

In addition, Armenia and Eswatini were added to the greylist in line with their commitments to change or remove preferential tax regimes under the OECD Forum on Harmful Tax Practices (FHTP), while Bermuda and Tunisia were removed from the greylist following their commitments under regarding the effective implementation of substance requirements (Bermuda) and exchange of country reports (CbCR) (Tunisia).

As a result, the following twenty-two jurisdictions were included in the gray list: Armenia, Barbados, Belize, Botswana, British Virgin Islands, Costa Rica, Dominica, Eswatini, Hong Kong, Israel, Jamaica, Jordan, Malaysia, Montserrat, North Macedonia. , Qatar, Seychelles, Thailand, Turkey, Uruguay, Russian Federation and Vietnam.