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Dominica Responds to its Inclusion on EU List of Non-Cooperative Jurisdictions for Tax Purposes

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Dominica (CABINET SECRETARIAT Press Statement)On Monday, February 22, 2021, the Council of Ministers of the European Parliament adopted conclusions on the revised European Union (EU) list of non-cooperative jurisdictions for tax purposes and took the decision to add Dominica to the List of Non-Cooperative Jurisdictions.

The reason cited for this is that Dominica does not have a rating of at least “Largely Compliant”. The EU list of non-cooperative jurisdictions for tax purposes was established in December 2017. It is part of the EU’s external strategy on taxation and aims to contribute to ongoing efforts to promote tax good governance worldwide.

Jurisdictions are assessed through peer review by the Global Forum on Transparency and Exchange of Information for Tax Purposes, on the basis of a set of criteria laid down by the Council. These criteria cover tax transparency, fair taxation, and implementation of international standards, and are designed to prevent tax base erosion and profit shifting.

The list of criteria has been revised several times since 2017. In 2018, Dominica was given a “compliant” rating following its Phase I Peer Review and was removed from the EU listing. Phase II Peer Review for Dominica was conducted in October 2020 and the findings were reported to the Government on December 22, 2020.

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