EU removes Barbados from blacklist of non-cooperative jurisdictions
The European Union announced today it has removed Barbados from its blacklist of countries it deems non-cooperative in matters of taxation, and added Dominica.
The EU s review of Barbados status comes just four months after the bloc s finance ministers voted to blacklist the Caribbean island.
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Blacklisted jurisdictions face higher scrutiny, loss of access to EU funds and damage to their reputations.
The EU council said Dominica was placed on the blacklist because it lacked a rating of at least largely compliant from the Global Forum on Transparency and Exchange of Information for Tax Purposes.
EU adds Dominica to tax blacklist, removes Barbados
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Seychelles Hoping For EU Tax Blacklist Removal This Year
Seychelles Hoping For EU Tax Blacklist Removal This Year
by Lorys Charalambous, Tax-News.com, Cyprus
22 February 2021
The Seychelles Ministry of Finance has said it is confident that it will be removed from the EU s list of non-cooperative jurisdictions when it is next reviewed.
In a February 16 statement, the Ministry said: The Seychelles has taken the key steps in reforming its territorial tax regime to address concerns of the European Union (EU). Together with addressing the concerns of the Global Forum on Transparency and Exchange of Information for Tax Purposes, these changes are intended to ensure that the Seychelles is removed from the EU s list of non-cooperative jurisdictions later this year.