What has changed?
On 8 October 2024, the Council of the European Union updated the EU list of non-cooperative jurisdictions for tax purposes (Annex I and Annex II). Antigua and Barbuda was removed from Annex I and included in Annex II.
Why is this relevant?
For arrangements involving companies from jurisdictions listed as non-cooperative for tax purposes, there may be reporting obligations in Romania according to DAC6 (reporting of cross-border arrangements) and country-by-country reporting rules.
What to consider?
Companies should review the updated list and consider the potential implications for transactions involving companies in the mentioned jurisdictions.