The EU has updated its list of non-cooperative jurisdictions for tax purposes. Specifically, it added four new jurisdictions to Annex I, removed four from Annex II and added three new jurisdictions to Annex II.These changes may trigger withholding tax and other implications for the respective jurisdictions, as outlined in this Alert.Executive summary On 14 February 2023, at the Economic and Financial Affairs Council, the European Union (EU) Finance Ministers approved the revised list of non-cooperative jurisdictions (EU List). Specifically, in Annex I, four jurisdictions were added (British Virgin Islands, Costa Rica, Marshall Islands and Russia) whereas in Annex II, Barbados,...