The Trinidad and Tobago Ministry of Finance announced that Trinidad and Tobago has been officially removed from the European Union list of non-cooperative tax jurisdictions, following a decision by the European Union’s Economic and Financial Affairs Council on 17 February 2026. The release links the delisting to reforms aimed at meeting internationally agreed standards for tax good governance, including replacing the former Free Trade Zone regime with a Special Economic Zone regime described as meeting the international standard. It also cites strengthened tax transparency measures, including signing the OECD Multilateral Convention on Mutual Administrative Assistance in Tax Matters in November 2024, receiving a “Largely Compliant” Global Forum rating on exchange of information on request in July 2025, and confirmation in December 2025 that domestic laws met standards for the automatic exchange of financial account information. The ministry also referenced addressing the Base Erosion and Profit Shifting Inclusive Framework’s general recommendations on Country-by-Country reporting.
Ministry of Finance (Trinidad & Tobago) 2026-02-18
Trinidad and Tobago Ministry of Finance announces removal from the EU list of non-cooperative tax jurisdictions
The Trinidad and Tobago Ministry of Finance announced the country's removal from the EU's list of non-cooperative tax jurisdictions after the EU Economic and Financial Affairs Council's decision on 17 February 2026. This delisting follows reforms aligning with international tax standards, including transitioning to a Special Economic Zone regime and enhancing tax transparency. Measures include signing the OECD Multilateral Convention, achieving a "Largely Compliant" Global Forum rating, and meeting standards for automatic exchange of financial account information.