The EU added Russia to the black list of tax jurisdictions
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The European Union has included Russia in the list of jurisdictions that do not cooperate with the EU for tax purposes, says in a post on the website of the Council of the EU.
The list of non-cooperative countries is an EU tool to combat tax evasion and money laundering. It includes countries that encourage tax abuses that dilute the tax base of EU members. The fact that Russia was included in the draft amendments to the second group of the list, in the so-called. the second appendix, or Annex II, “Vedomosti” wrote February 10, 2022
It includes those states that do not comply with international tax standards, but express their readiness for positive changes. As soon as a jurisdiction fulfills its obligations to the EU, it is excluded from the list. Russia had to bring the legislation in line with the EU recommendations by December 31, 2022, then one of Vedomosti’s sources reported.
As the Council of the EU announced today, Russia was included in the first group of the Annex I list due to changes in its legislation regarding the regulation of special administrative regions (SAR, the so-called Russian offshore) on about. Russian in Vladivostok and about. Oktyabrsky in Kaliningrad. Back in June 2021, the EU Council published a report where it described the Russian ATS as a “harmful tax regime” that creates unfair tax competition. In addition, the EU Council announced a deadlocked dialogue on tax issues after the start of a special operation in Ukraine.
The list also includes the British Virgin Islands, the Marshall Islands and Costa Rica. At the same time, North Macedonia, Barbados, Jamaica and Uruguay were excluded from it. There are 16 states in total. The list is updated twice a year, the next revision will take place in October.
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