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ECOFIN adopts revised list of non-cooperative jurisdictions for tax purposes

18 October 2023

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Tax Alerts, Information Reporting, Legis...

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European Union

On 17 October 2023, the European Union (EU) Finance Ministers adopted a revised list of non-cooperative jurisdictions for tax purposes (EU List).Antigua and Barbuda, Belize, and the Seychelles were added to Annex I (due to the exchange of tax information on request (criterion 1.2)), while the British Virgin Islands, Costa Rica, and the Marshalls Islands were removed.Four jurisdictions (Jordan, Qatar, Montserrat and Thailand) were removed from Annex II.The next revision to the EU List is expected in February 2024.Executive summary On 17 October 2023, the Council of the European Union (the Council) held an Economic and Financial Affairs Council (ECOFIN)...