Dominica has been removed from the EU list of non-cooperative jurisdictions for tax purposes.
Dominica was placed on the list earlier this year for reasons citing “it did not meet the EU’s tax transparency criteria of being ranked as at least ‘largely compliant’ by the OECD Global Forum regarding the exchange of information on request.
Two other countries, namely Anguilla and Seychelles were also removed from the list.
The delisting was preceded by the forum’s decision to grant these jurisdictions a supplementary review on this matter.
The EU list of non-cooperative jurisdictions for tax purposes was established in December 2017.
It is part of the EU’s external strategy on taxation and aims to contribute to ongoing efforts to promote tax good governance worldwide.
Jurisdictions are assessed through peer review by the Global Forum on Transparency and Exchange of Information for Tax Purposes, on the basis of a set of criteria laid down by the Council.