Eight jurisdictions remain on the EU tax list

On 9 October, the Council of the European Union removed Panama and Viet Nam from the list of non-cooperative tax jurisdictions. The eight remaining jurisdictions are American Samoa, Anguilla, Guam, Palau, Russia, Turks and Caicos Islands, US Virgin Islands and Vanuatu.

Panama had been listed since February 2020 but reformed its harmful foreign-source income exemption regime. Viet Nam was added in February 2026 because of shortcomings in information exchange. Both were granted new OECD Global Forum reviews and moved to Annex II while those reviews are pending. Belize was also removed from Annex II after receiving a positive assessment.

For Hungarian companies and financial institutions, the change does not replace customer, transaction and tax due diligence. The EU list is a risk signal; specific Hungarian tax consequences are determined by domestic and EU legislation. Related reading includes the EU capital-market supervision package and the Eurogroup agenda on the savings union.

Remaining on the list may trigger EU or member-state defensive measures, although their application is not identical for every transaction. The Council updates the list twice a year. The next review is scheduled for February 2027.