The European Union Council has confirmed its latest update to the EU list of non-cooperative jurisdictions for tax purposes, maintaining Fiji among the 11 jurisdictions that remain under scrutiny for not fully meeting international tax good governance standards.
In its statement, the Council noted that while there have been “positive developments” in some jurisdictions, they are “not yet fully cooperative on tax matters” and urged them to “improve their legal frameworks to resolve the identified issues.”
According to the Council, Fiji remains on the list because it has not signed and ratified the OECD Multilateral Convention on Mutual Administrative Assistance in Tax Matters.
The EU adds Fiji continues to maintain harmful preferential tax regimes, specifically the Information Communication Technology (ICT) Incentive and the Exporting Companies Incentive and has not yet resolved these concerns.
The EU list of non-cooperative tax jurisdictions was first established in December 2017 as part of the Union’s external tax strategy.
It aims to encourage good tax governance practices globally by identifying jurisdictions that either fail to engage with the EU on tax matters or do not meet agreed standards of transparency and fairness.
