On 02.04.2022 the Council of Europe revised the list of non-cooperative countries and territories for tax purposes, keeping the following countries on it: Fiji, Guam, Virgin Islands, Palau, Panama, Samoa, American Samoa, Trinidad and Tobago and Vanuatu.
The list includes only the following countries and territories:
those who have not started a dialogue on tax matters with the European Union or
those who have failed to fulfill their commitment to introduce tax criteria of the Council of Europe into their regulations. These criteria, introduced by the Council of Europe in 2016, are aimed at fiscal transparency, fiscal equity and application of international standards aimed at avoiding erosion of tax base.
The list of non-cooperative countries and territories was created in December 2017. It is part of the European Union’s external strategy on taxation and aims to contribute to the work being done to promote good tax governance worldwide.
Finally, the list is a dynamic document that is updated twice a year. Next revision is scheduled for October 2022.