Philippines removed from French tax blacklist

Reading Time: 1 minute

tax filingThe Philippines has been removed from France’s black list of tax evaders, according to a statement by the Philippine  Department of Foreign Affairs released on September 2.

The department said the Philippines was removed from the list of Non-cooperative Countries and Territories (NCCT) in matters of tax evasion by the French Ministry for the Economy and Finance.

Presently, it said the NCCT list includes Bermuda, Botswana, British Virgin Islands, Brunei, Guatemala, Jersey, Marshall Islands, Montserrat, Nauru and Niue.

The decision was published on August 28 in the Official Gazette of the French Republic. It credited the ratification in February 2013 of the protocol amending the agreement between the Philippines and France on the avoidance of double taxation and the prevention of fiscal evasion for the Philippines’ removal from the black list.

The inclusion in the black list is based on specific criteria, “such as the inability of a country or territory to provide fiscal transparency and administrative cooperation in the exchange of information for tax purposes.”

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid

Reading Time: 1 minute

The Philippines has been removed from France’s black list of tax evaders, according to a statement by the Philippine  Department of Foreign Affairs released on September 2.

Reading Time: 1 minute

tax filingThe Philippines has been removed from France’s black list of tax evaders, according to a statement by the Philippine  Department of Foreign Affairs released on September 2.

The department said the Philippines was removed from the list of Non-cooperative Countries and Territories (NCCT) in matters of tax evasion by the French Ministry for the Economy and Finance.

Presently, it said the NCCT list includes Bermuda, Botswana, British Virgin Islands, Brunei, Guatemala, Jersey, Marshall Islands, Montserrat, Nauru and Niue.

The decision was published on August 28 in the Official Gazette of the French Republic. It credited the ratification in February 2013 of the protocol amending the agreement between the Philippines and France on the avoidance of double taxation and the prevention of fiscal evasion for the Philippines’ removal from the black list.

The inclusion in the black list is based on specific criteria, “such as the inability of a country or territory to provide fiscal transparency and administrative cooperation in the exchange of information for tax purposes.”

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid