Update from the EU to the tax blacklist

Update from the EU to the tax blacklist

The European Council announced that the list of countries that do not cooperate in the tax field has been updated.

The European Union (EU) removed Barbados from its black list of non-tax cooperating countries, adding Dominica.

Accordingly, Barbados, which was previously on the EU tax black list, was removed from the last list for being “partially compliant”.

Dominika was added to the black list on the grounds that it did not solve its problems in the tax field.

Thus, the EU’s list of non-tax cooperating countries included American Samoa, Anguilla, Dominica, Fiji, Guam, Palau, Panama, Samoa, Seychelles, Trinidad and Tobago, US Virgin Islands and Vanuatu.

The “gray list” of countries that are committed to aligning tax regulations with EU rules has also been updated. Morocco, Namibia and Saint Lucia were removed from the gray list for meeting their commitments. Jamaica was added to that list.

Gray-listed Australia and Jordan have been given an extension as the process of evaluating tax reforms continues.

The Maldives was also given an additional 4 months to complete the approval process of the Organization for Economic Cooperation and Development (OECD).

In the tax area by EU member countries from Turkey to June 30 automatic information sharing was requested to activate.

Thus, said the gray list, Australia, Barbados, Botswana, the Esvat, Jamaica, Jordan, Maldives, Thailand and Turkey took place.