Legal Alert/ Update of the blacklist of countries considered fiscally preferential by the European Union

Tuesday October 13th, 2020

On 7 October 2020, the Council of the European Union (“Council”) officially published an update in the Official Journal of the European Union of attachments I and II of the conclusions reached by the Council on 18 February 2020 about the list of non-collaborating countries in the field of taxation maintained by the European Union.

In this regard, the new updated list includes the following list of non-collaborating countries in tax matters:

– American Samoa
– Anguilla
– Barbados
– Fiji
– Guam
– Palau
– Panamá
– Samoa
– Seychelles
– Trinidad y Tobago
– United States Virgin Islands
– Vanuatu

Considering the previous list published on February 18, 2020:

1. The following jurisdictions have been removed from the blacklist of non-cooperative countries maintained by the European Union:

a. Islas Caimanes (Cayman Islands)
b. Oman

2. The following jurisdictions have been added to the blacklist of non-collaborative countries maintained by the European Union:

a. Anguilla
b. Barbados

However, it should be noted that this list corresponds to the list of countries determined by the European Union; some member countries maintain local lists that may include countries not listed above (e.g., the Netherlands), so it is also recommended to review and consult on a case-by-case basis.

More information, contact Sebastián Delpiano sdelpiano@hdycia.cl or Juan Andrés Larrondo jalarrondo@hdycia.cl

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