Bahamas, Belize, Seychelles and Turks and Caicos Islands removed from EU list of tax non-cooperative jurisdictions

In February 2024, the Council of the European Union decided to remove the Bahamas, Belize, Seychelles, and Turks and Caicos Islands from the list of EU jurisdictions reluctant to cooperate for tax purposes. As a result of these changes, there are still 12 jurisdictions remaining on the list which are considered reluctant to cooperate in tax matters.

The EU list of jurisdictions reluctant to cooperate for tax purposes includes countries that have not engaged in a constructive dialogue with the EU on tax management issues or have not fulfilled their commitments regarding tax reforms.

The EU’s list of jurisdictions reluctant to cooperate for tax purposes covers 12 countries:

1. American Samoa
2. Anguilla
3. Antigua and Barbuda
4. Fiji
5. Guam
6. Palau
7. Panama
8. Russian Federation
9. Samoa
10. Trinidad and Tobago
11. United States Virgin Islands
12. Vanuatu

The European Union established the EU compilation of jurisdictions reluctant to cooperate for tax purposes as part of its external tax strategy. The aim of this compilation is to support actions aimed at promoting good tax governance worldwide. Jurisdictions are assessed based on a set of criteria established by the Council, including tax transparency, fair taxation, and implementation of international standards to prevent erosion of the tax base and tax avoidance. The list of jurisdictions reluctant to cooperate for tax purposes is updated by the Council of the European Union twice a year, with the next review planned for October 2024.

If you have any further questions or require additional information, please contact your business relationship person or use the enquiry form on the HLB Poland website.

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