ARTICLE
26 January 2018

Panama Was Removed From The List Of Non-Cooperative Jurisdictions For Tax Purposes Of The European Union

Panama was removed from the list of non-cooperative jurisdictions for tax purposes of the European Union, also known as the blacklist.
Panama Tax

Panama was removed from the list of non-cooperative jurisdictions for tax purposes of the European Union, also known as the blacklist. The decision made in Brussels by the Ministers of Finance included 8 jurisdictions that are now part of the grey list, composed by 55 countries.

The grey list is formed by countries committed to modify its laws to comply with the European Union's standards in matters of transparency and cooperation.

The permanence in the grey list is subject to close monitoring from the European Union and the fulfillment of commitments made by the high political level of Panama regarding modifications to its internal legislation.

To this date, the content and nature of said commitments is unknown. The European Union estimates that Panama will fulfill its promises before December 2018.

Panamá sale de Lista Negra de Paraísos Fiscales de la Unión Europea



Panamá fue removido de la lista de jurisdicciones no cooperativas en materia fiscal de la Unión Europea, también conocida como la lista negra. La decisión tomada en Bruselas por los Ministros de Finanzas incluyó a 8 jurisdicciones que ahora pasan a la lista gris, compuesta por 55 países. La lista gris está conformada por países comprometidos a modificar sus leyes en búsqueda de cumplir con los estándares de la Unión Europea en materia de transparencia y cooperación.

La permanencia en la lista gris está sujeta a un monitoreo cercano de la Unión Europea y el cumplimiento de compromisos hechos por el alto nivel político de Panamá sobre modificaciones de su legislación interna.

A la fecha, se desconoce el contenido y naturaleza de los compromisos adquiridos. La Unión Europea estima que Panamá cumpla dichos compromisos antes de diciembre 2018.

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.

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