Review Of The List Of Tax Havens

Author:PLMJ Tax Team
Profession:PLMJ
 
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Order of the Minister of Finance no. 345-A/2016 was published on 30 December 2016. This Ministerial Order amended the list of countries, territories and regions with privileged tax systems, usually known as the "list of tax havens", provided for in article 63-D of the General Tax Law (GTL).

The amended list, which came into force on 1 January 2017, removed the British territories of Jersey and the Isle of Man, as well as Uruguay. As a result, the following territories are now considered to be tax havens:

  1. American Samoa; 29. Gibraltar; 57. Panama; 2. Andorra; 30. Guam; 58. Pitcairn Island; 3. Anguilla; 31. Guyana; 59. Puerto Rico; 4. Antigua and Barbuda; 32. Honduras; 60. Qatar; 5. Aruba; 33. Hong Kong; 61. Queshm Island; 6. Ascension; 34. Jamaica; 62. Saint Christopher and Nevis; 7. The Bahamas; 35. Jordan; 63. Saint Helena; 8. Bahrain; 36. Kiribati; 64. Saint Lucia; 9. Barbados; 37. Koweit; 65. Saint Pierre and Miquelon; 10. Belize; 38. Labuan; 66. Saint Vincent and the Grenadines; 11. Bermuda; 39. Lebanon; 67. San Marino; 12. Bolivia; 40. Liberia; 68. The Seychelles; 13. The British Virgin Islands; 41. Liechtenstein; 69. The Solomon Islands; 14. Brunei; 42. (repealed); 70. Svalbard Islands (archipelago of Spitsbergen and Bear Island); 15. The Cayman Islands; 43. The Maldives; 71. Swaziland; 16. The Channel Islands (Alderney, Guernsey, Great Stark, Herm, Little Sark, Brechou, Jethou and Lihou) 44. (repealed); 72. Tokelau Island; 17. The Cocos (Keeling) Islands; 45. The Marshall Islands; 73. Tonga; 18. (Repealed); 46. Mauritius; 74. Trinidad and Tobago; 19. The Cook Islands; 47. Monaco; 75. Tristan da Cunha; 20. Costa Rica; 48. Monserrate; 76. The Turks and Caicos Islands; 21. Djibouti; 49. Natal Islands; 77. Tuvalu Island; 22. Dominica; 50. Nauru; 78. (Repealed); 23. The Dutch Antilles; 51. Niue; 79. The United Arab Emirates; 24. The Falkland Islands; 52. Norfolk Island; 80. The United States Virgin Islands; 25. Fiji; 53. The Northern Mariana Islands; 81. Vanuatu; 26. French Polynesia; 54. Oman 82. Western Samoa; 27. Gambia 55. Pacific islands not included in the other numbers; 83. Yemen. 28. Grenada; 56. Palau Islands; The elimination of the express classification of these territories as "privileged tax systems" is justified in the preamble to the Ministerial Order. The changes take into account the developments that have taken place since the last...

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