{"id":3189,"date":"2023-10-24T16:48:10","date_gmt":"2023-10-24T16:48:10","guid":{"rendered":"https:\/\/r02fi4ct8m.wpdns.site\/bvi-removed-from-european-black-list\/"},"modified":"2023-10-24T16:48:10","modified_gmt":"2023-10-24T16:48:10","slug":"bvi-removed-from-european-black-list","status":"publish","type":"post","link":"https:\/\/www.gstaxconsultants.com\/ru\/bvi-removed-from-european-black-list\/","title":{"rendered":"The European Union has updated its list with non-cooperative countries"},"content":{"rendered":"<p>The EU Council <a href=\"https:\/\/www.consilium.europa.eu\/en\/policies\/eu-list-of-non-cooperative-jurisdictions\/\">revised<\/a> its list of non-cooperative jurisdictions for tax purposes on 17 October 2023 and as result, the British Virgin Islands (BVI) has been removed from its list of non-cooperative jurisdictions for tax purposes as it has amended its framework on exchange of information on request and other 4 countries have been included namely Belize, Seychelles, Antigua and Barbuda.<\/p>\n<p><!--more--><\/p>\n<p>With these additions, the EU list now consists of 16 jurisdictions including Russia, which remains on the list from 14 February 2023.<\/p>\n<p>With these updates, the EU list consists of the following 16 jurisdictions:<\/p>\n<ul>\n<li>American Samoa<\/li>\n<li>Antigua and Barbuda<\/li>\n<li>Anguilla<\/li>\n<li>Bahamas<\/li>\n<li>Belize<\/li>\n<li>Fiji<\/li>\n<li>Guam<\/li>\n<li>Palau<\/li>\n<li>Panama<\/li>\n<li>Russia<\/li>\n<li>Samoa<\/li>\n<li>Seychelles<\/li>\n<li>Trinidad and Tobago<\/li>\n<li>Turks and Caicos Islands<\/li>\n<li>US Virgin Islands<\/li>\n<li>Vanuatu<\/li>\n<\/ul>\n<p><strong>Changes to the list<\/strong><\/p>\n<p>This EU list of non-cooperative tax jurisdictions (Annex I) includes countries that either have not engaged in a constructive dialogue with the EU on tax governance or have failed to deliver on their commitments to implement the necessary reforms. Those reforms should aim to comply with a set of objective tax good governance criteria, which include tax transparency, fair taxation and implementation of international standards designed to prevent tax base erosion and profit shifting.<\/p>\n<p>For more information on the EU Council decision, please <a href=\"https:\/\/www.consilium.europa.eu\/en\/press\/press-releases\/2023\/10\/17\/taxation-antigua-and-barbuda-belize-and-seychelles-added-to-eu-list-of-non-cooperative-jurisdictions-for-tax-purposes\/\">click here<\/a>.<\/p>\n<p>The important effects arising from the inclusion in the above European list is that any dividend, interest and royalty payments made to corporate taxpayers located in such jurisdictions from a Cyprus tax resident payer is subject to 17%, 30% and 10% withholding tax, respectively.<\/p>\n<p>Additionally invoicing to or borrowing from black listed companies may trigger reporting under DAC6.<\/p>\n<p>Should you have any enquiries, Globalserve Consultants Ltd is at your disposal for further clarification.<\/p>","protected":false},"excerpt":{"rendered":"<p>The EU Council revised its list of non-cooperative jurisdictions for tax purposes on 17 October 2023 and as result, the British Virgin Islands (BVI) has been removed from its list of non-cooperative jurisdictions for tax purposes as it has amended its framework on exchange of information on request and other 4 countries have been included [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":3165,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[61],"tags":[],"class_list":["post-3189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-articles"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/posts\/3189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/comments?post=3189"}],"version-history":[{"count":0,"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/posts\/3189\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/media\/3165"}],"wp:attachment":[{"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/media?parent=3189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/categories?post=3189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/tags?post=3189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}