On 20 February 2024, the European Council updated the list of non-cooperative jurisdictions for tax purposes. This list was previously updated on 17 October 2023 (please refer to our newsletters here for more details). The main change from the previous version is the withdrawal of the Bahamas, Belize, Seychelles and the Turks and Caicos Islands from the EU list of non-cooperatives jurisdictions.
As a result of these updates, the EU list now includes 12 jurisdictions:
- American Samoa
- Anguilla
- Antigua and Barbuda
- Fiji
- Guam
- Palau
- Panama
- Russia
- Samoa
- Trinidad and Tobago
- US Virgin Islands
- Vanuatu
This list, which is subject to bi-annual updates, serves inter alia as a basis, not only for certain hallmarks under the EU directive 2018/822 ("DAC 6") reporting obligations, but also under the refusal of deductibility on payments made to non-cooperative jurisdictions for tax purposes (please refer to our newsletters dated 1 April 2021 and 29 June 2022 for more details).
The next revision of the list is scheduled for October 2024.
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