EU updates non-cooperative tax jurisdictions list

As part of the EU's work to promote tax transparency and fair taxation globally, the EU updates twice a year the EU list of non-cooperative jurisdictions for tax purposes. With the latest update from 8 October 2024, “Antigua and Barbuda” was removed from the list. 

The updated list, valid from 18 October 2024 till February 2025, now includes 11 jurisdictions: American Samoa, Anguilla, Fiji, Guam, Palau, Panama, the Russian Federation, Samoa, Trinidad & Tobago, the US Virgin Islands, and Vanuatu.  

For Belgian income tax purposes, this list is relevant for a certain number of aspects. One aspect is that Belgian companies must declare their payments to entities on the list if the payments collectively exceed €100,000. A declared payment is only deductible if the company proves that it was made in the context of actual and genuine transactions and insofar as the recipient is not an artificial arrangement. Moreover, the payments need to comply with the arm’s length principle.  

BDO can help you in navigating specific obligations related to payments to tax havens effectively. Do not hesitate to contact Hubert Hellraeth or Olivier Michiels for any questions you may have.