Cayman Islands: Removal from EU list of non-cooperative jurisdictions

Cayman Islands: Removal from EU list

The Cayman Island on 6 October 2020 was removed from the EU “blacklist” of non-cooperative tax jurisdictions after the Cayman Islands adopted new reforms to its framework on collective investment funds in September 2020.


Oman was also removed from the list, while Anguilla and Barbados were added. Read TaxNewsFlash


The EU list of non-cooperative jurisdictions is part of its external strategy for taxation to promote tax good governance worldwide. The list comprises non-EU jurisdictions that either have not engaged in a productive dialogue with the EU on tax governance, or have failed to deliver on their commitments to implement reforms that will comply with a set of objectives under tax good governance criteria, which concerns tax transparency, fair taxation and implementation of international standards against tax base erosion and profit shifting.

Read an October 2020 report [PDF 71 KB] prepared by the KPMG member firm in the Cayman Islands

© 2022 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

For more detail about the structure of the KPMG global organization please visit

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us