Panama removed from EU tax haven blacklist after OECD review

Panama has been removed from the EU's blacklist of non-cooperative tax jurisdictions after more than six years, following a request for an on-site review by the OECD's Global Forum scheduled for H1 2023. The delisting reflects progress on tax transparency standards, though the timing and full scope of reforms remain to be verified. This shift reduces reputational and financial friction for Panama's financial sector and signals a broader trend of jurisdictions aligning with OECD/EU tax governance norms.