Poland removes Bermuda from its blacklist

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Bermuda has been removed from the Polish domestic list of countries of non-cooperative tax jurisdictions, in the field of corporate tax, according to a statement from the European jurisdiction.

The decision means that the number of EU member states that blacklist Bermuda will fall by one to 10, and this change will be reflected on the European Commission’s overall ‘Blacklist’ of jurisdictions held to be failing tax standards.

Poland and Bermuda signed a Tax Information and Exchange Agreeement that came into force on 15 march. Bermuda has also signed the Multilateral Convention on Mutual Administrative Assistance on Tax Matters, a multilateral TIEA that includes Poland.

Bermuda also signed the Multilateral Competent Authority Agreement in Berlin in October 2014 for OECD automatic exchange of information on the common reporting standard (CRS) in which Poland is a participant. This means that Bermuda currently has three international agreements with Poland for the exchange of information for tax purposes.


Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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