Antigua and Barbuda Expected to be Removed from EU Tax Blacklist
Antigua and Barbuda, which was added to the EU’s list of non-cooperative jurisdictions for tax purposes almost a year ago, is expected to be removed from the blacklist as early as October 8, according to sources familiar with the matter.
EU finance ministers are set to vote on the country’s removal from the blacklist and its transition to the “greylist.”
The greylist includes jurisdictions that have not fully complied with all international tax standards but have committed to reforms aimed at achieving compliance.
Antigua and Barbuda’s anticipated move to this list is seen as a step forward in its efforts to improve its tax governance and transparency.
The EU’s blacklist, officially known as the list of non-cooperative jurisdictions, targets countries that either fail to engage in constructive dialogue with the EU on tax matters or have not fulfilled their commitments to implement necessary reforms within a specific timeframe.
Antigua and Barbuda has been working on addressing these concerns, and its removal from the blacklist signals progress.
This expected change reflects the country’s willingness to improve its tax policies and align with international standards, promoting transparency and fair taxation practices.
While its addition to the blacklist was seen as a setback, the upcoming vote signals a positive turn in its efforts to comply with EU tax governance criteria.
Antigua and Barbuda will remain under close observation as it transitions to the greylist, where further reforms are expected.
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