On 9 October 2026, the EU Council updated its list of non-cooperative jurisdictions for tax purposes, commonly known as the EU Blacklist. The list is revised twice a year and guides Member States’ efforts to protect tax revenues and tackle tax fraud, evasion and abuse. Panama and Vietnam have been removed from the Blacklist: Panama had been listed since 2020, while Vietnam was added in February 2026.
The update is relevant for Luxembourg taxpayers because the Blacklist affects three measures: the deductibility of certain interest and royalty expenses, tax-return reporting of transactions with listed jurisdictions, and mandatory disclosure rules under DAC6.
In this ATOZ Alert, our Tax Partner, Christina Leomy-Voigt, and our Chief Knowledge Officer, Marie Bentley, examine the latest changes and their implications for Luxembourg taxpayers.