EU removes Seychelles from its list of non-cooperative tax jurisdictions.
21/02/2024
The Minister for Finance, National Planning and Trade, Mr. Naadir Hassan, has welcomed the EU Council’s determination and stated in a press release.
- “We are pleased that the Global Forum and EU Council positions are now more reflective of the current state of play of the Seychelles’ compliance with the standards on tax transparency, and
- That they recognise the progress and commitment of the country with meeting these standards.”
Speaking to the local media this morning, SS Patrick Payet and Ms Odile Vidot explained that Seychelles submitted a request for a peer review in mid-December 2023.
- "The request was submitted based on significant improvements in relation to the quality and timeliness of exchange of information (EOI) requests and maintained and improved supervision and enforcement activities to ensure compliance with the framework.
- The Peer Review Group (PRG) of the Global Forum approved the proposal that these represented sufficient likelihood of an upgrade to the overall rating of Seychelles against the Standard such that the country qualified for a supplementary review."
This review will be launched in 2025 and will include an on-site visit by the assessment team.
The source and Video summary of the press conference this morning is here. =
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