On 20 February 2024, the EU Council removed the Bahamas, Belize, Seychelles, and Turks and Caicos Islands from its list of non-cooperative tax jurisdictions, leaving 12 jurisdictions on the list.
The 12 jurisdictions:
- American Samoa
- Anguilla
- Antigua and Barbuda
- Fiji
- Guam
- Palau
- Panama
- Russia
- Samoa
- Trinidad and Tobago
- US Virgin Islands
- Vanuatu
The removal was due to improvements in tax governance or commitments to reforms. Jurisdictions are assessed based on tax transparency, fair taxation, and international standards. Belize and Seychelles were added to the list in 2023 due to deficiencies in exchange of information, but have been given a chance to rectify the issues.
The EU Council also recognises cooperative efforts by other jurisdictions. The list is updated twice a year and aims to promote global tax governance. The next revision of the list is scheduled for October 2024.
The EU Council works closely with international organisations like the OECD to monitor tax measures.
The official release can be found here.
More information on the EU Tax Blacklist is available here.
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