Worldwide:
Removal Of Palau From EU List Of Non-Cooperative Tax Jurisdictions
10 October 2018
Elias Neocleous & Co LLC
To print this article, all you need is to be registered or login on Mondaq.com.
On 2 October 2018 the committee of European Union finance
ministers agreed to remove the Pacific island of Palau from the EU
list of non-cooperative tax jurisdictions not meeting required
standards of transparency and good practice. When it was issued in
December 2017 the EU blacklist included 17 jurisdictions, but
several have been removed after giving formal commitments to
rectify their deficiencies.
Following the removal of Palau, six jurisdictions remain on the
blacklist, namely American Samoa, Guam, Namibia, Samoa, Trinidad
and Tobago and the US Virgin Islands.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Tax from Worldwide
Tax Saving Tips For Your Cyprus Company
McMillan Woods
Cyprus has an extensive network of double tax treaties with various countries, which can help in reducing or eliminating double taxation. Take advantage of these treaties to minimize your tax liabilities.
Green Tax Incentives - Increase In Capital Allowances
KPMG in Cyprus
Following the publication in the Government Gazette on 12 April 2024 of Law N.45(I)/2024, increased capital allowances will be granted on capital expenditure incurred during the tax years 2023-2026 ...