EU list of non-cooperative jurisdictions for tax purposes: Anguilla and Barbadosadded, Cayman Islands and Oman removed
Council of the EU Press release 6 October2020 10:40
The Council today decided to add Anguilla and Barbados to the EU list of non-cooperative jurisdictions for tax purposes. Cayman Islands and Oman were removed from the list, after having passed the necessary reforms to improvetheir tax policy framework.
The EU list of non-cooperative jurisdictions for tax purposes is part ofthe EU s external strategy for taxation and aims to contribute to on going efforts to promote tax good governance worldwide. It lists non-EU jurisdictions thateither have not engaged in a constructive dialogue with the EU on taxgovernance or have failed to deliver on their commitments to implement reforms to comply with a set of objective tax good governance criteria, concerning taxtransparency, fair taxation and implementation of international standards against tax base erosion and profit shifting.
Anguilla and Barbados were included in the EU list following peer review reports published by the Global Forum on Transparency and Exchange of Information for Tax Purposes, which downgraded the ratings of Anguilla and Barbados, respectively, to "non-compliant" and "partially compliant" with the international standard on transparency and exchange of information on request (EOIR).
Cayman Islands was removed from the EU list after it adopted new reforms to its framework on Collective Investment Funds in September 2020.
Oman was considered as compliant with all its commitments after it ratified the OECD Convention on Mutual Administrative Assistance in Tax Matters, enacted legislation to enable automatic exchange of information and took all thenecessary steps to activate its exchange-of-information relationships with all the EU member states.
Following this update, twelve jurisdictions remain on the list of non-cooperative jurisdictions: American Samoa, Anguilla, Barbados, Fiji, Guam, Palau, Panama, Samoa, Seychelles, Trinidad and Tobago, the US Virgin Islands and Vanuatu.
As regards Annex II - state of play of pending commitments - due to the ongoing COVID-19 global pandemic the Council decided to extend severaldeadlines for these commitments. The Council also decided today to remove Mongolia and Bosnia and Herzegovina from Annex II after those countries deposited the instruments of ratification of the OECD Convention on Mutual Administrative Assistance in Tax Matters, as amended. Background
The EU list of non-cooperative jurisdictions for tax purposes was established in December 2017. It has been revised several times. The most recent substantial revision took place in February 2020. From 2020 on, it is tobe updated twice a year.
The list is included in Annex I of the Council conclusions on the EU list of non-cooperative jurisdictions for tax purposes. Those Council conclusionsal so contain a state-of-play document (Annex II) identifying non-EU jurisdictions which do not yet comply with all international tax standards buthave provided sufficient undertakings to reform their tax policies.
The jurisdictions are assessed on the basis of a set of criteria laid downby the Council in 2016, concerning tax transparency, fair taxation and implementation of international standards against tax base erosion and profitshifting.
The Council s decisions are prepared by the Council s Code of Conduct Group which is also responsible for monitoring tax measures in the EU member states. September 2020 note to the Council on theEU list of non-cooperative tax jurisdictions Council conclusions on the EU list ofnon-cooperative jurisdictions for tax purposes, 18/2/2020 EU list of non-cooperative jurisdictions(background information)
Press contacts
Liis Jaansalu
Press officer
+32 2 281 38 71
+32 470 89 08 50
If you are not a journalist, please send your request to the publicinformation service.
