Luxembourg: Reporting implications of revised EU list of non-cooperative jurisdictions for tax purposes

On 18 February 2020, the Council of the European Union (the Council or ECOFIN) adopted revised conclusions on the European Union (EU) list of non-cooperative jurisdictions for tax purposes (the EU List).¹

The Council added the Cayman Islands, Palau, Panama and Seychelles to Annex I (the so-called “Black” list) of the EU List as these jurisdictions did not implement the tax reforms to which they had committed by the agreed deadline.

Background

The EU published its list of non-cooperative jurisd…