Jersey Is Removed From The Portuguese Black List

On the 30 December 2016 the Portuguese Minister of Finance, Mario Centeno, signed a Decree, which entered into force on the 1 January 2017, removing Jersey from the Portuguese black list.

This decision was based on Jersey's strong track record of transparency and cooperation including:

Jersey's Tax Information Exchange Agreement with Portugal which entered into force in 2011 and the cooperation in applying the Agreement since that date;

Jersey's membership of the Global Forum on Transparency and Exchange of Information for Tax Purposes and its rating by the Global Forum as "largely compliant" with the international standards;

Jersey's signing of the OECD Multilateral Competent Authority Agreement for the Common Reporting Standard on the automatic exchange of Information;