Belize removed from EU list

On the 8th of November 2019, the Council agreed to remove Belize from the EU’s list of non-cooperative tax jurisdictions.

Belize has passed the necessary reforms to improve its tax regime for international business companies that was due to be implemented by end 2018. Belize will therefore be moved from annex I of the conclusions to annex II, pending the implementation of the country’s commitment to amend or abolish the harmful features of its foreign source income exemption regime by end 2019.

The Council also found the Republic of North Macedonia compliant with all its commitments on tax cooperation following its ratification of the OECD multilateral convention on mutual administrative assistance. The country  was therefore removed from annex II of the conclusions.

Please click here to read the full article on Council of the European Union website.