The Council of the European Union adopted the latest update to the EU list of non-cooperative tax jurisdictions on 12 October 2026. The revised list removes the Bahamas and Turks and Caicos Islands after they implemented required reforms, while adding Antigua and Barbuda and Belize for failing to address harmful preferential tax regimes. The list now comprises 12 jurisdictions. Consequences for listed jurisdictions include mandatory reporting under DAC6, restricted access to EU funding, and potential defensive withholding tax measures by member states. The Council emphasized the dynamic nature of the listing process and ongoing monitoring.
Key Takeaways
- Delisting Success: Bahamas and Turks and Caicos enacted economic substance legislation and automatic exchange agreements, meeting EU criteria.
- New Additions: Antigua and Barbuda and Belize cited for lack of transparency and harmful IP regimes; given deadlines to reform or face continued listing.
- Compliance Impact: EU-based groups must reassess controlled foreign company (CFC) positions and DAC6 reporting obligations for structures involving listed jurisdictions.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement