The Virgin Islands has not been placed on the EU's tax blacklist of non-cooperative jurisdictions; however, it remains on the "grey list" (Annex II), indicating ongoing cooperation on tax reforms. Photo: Internet Source

The European Council has revised the EU blacklist of non-cooperative tax jurisdictions, which now includes 10 countries and territories. Photo: Internet Source

This information comes from the latest EU Blacklist update released on February 17, 2026.

10 countries currently on Blacklist

The European Council has revised the EU blacklist of non-cooperative tax jurisdictions, which now includes 10 countries and territories. 

According to the EU, these jurisdictions are considered non-compliant with international tax standards related to transparency, fair taxation, or anti-BEPS (Base Erosion and Profit Shifting) measures. 

The countries currently on the blacklist are American Samoa, Anguilla, Guam, Palau, Panama, Russia, the US Virgin Islands, and Vanuatu, with the Turks and Caicos Islands and Vietnam being newly added in 2026.

 VI remains on Greylist

The Virgin Islands remains on the grey list (Annex II), which serves as a "watch list" of jurisdictions that have committed to tax reforms. Other countries on the grey list include Belize, Brunei Darussalam, Eswatini, Greenland, Jordan, Montenegro, Morocco, and Türkiye.

The Virgin Islands' avoidance of the tax blacklist helps prevent more severe punitive tax measures from EU member states.

The next review of the EU blacklist is expected in October 2026.