Prime Minister Hon. Roosevelt Skerrit has said he is confident that Dominica will be removed from the European Union list of jurisdictions that are partially compliant to being fully compliant.
Dominica was previously placed on the list because, according to the Council of the European Union, it did not meet the EU Tax Transparency Criteria of being ranked as at least largely compliant by the OECD Global Forum regarding the exchange or request information.
However, on October 5th, 2021, the Council of the European Union announced its decision to remove Dominica, along with Anguilla and Seychelles, from the EU List of Non- Cooperative Jurisdictions for Tax Purposes.
The delisting was preceded by the forum’s decision to grant these jurisdictions a supplementary review on this matter.
Pending the granted supplementary review, Anguilla, Dominica, and Seychelles are now included in the State of Play Document (Annex II), which covers jurisdictions that do not yet comply with all international tax standards but that have committed to implementing tax and good governance principles
Prime Minister Roosevelt Skerrit stated that ‘We didn’t agree with the Europeans classification, I believe in the time of this pandemic where governments are preoccupied with the health and safety and the wellbeing of the citizens.’
He continued, ‘I think this action by the Europeans could have been deferred and it’s marked a bit of insensitivity on their part and I’m happy that they have recognized that, we have protested to them and they have accepted the insensitivity.’
He continued saying that they have been very helpful in working with Dominica, stating that they provided us with technical support to advance some of the actions which we need to take. They have also issued a statement indicating that Dominica has been very cooperative and at the best peer review.