Ordinance No. 292/2025/1, published on 5 September 2025, amends Ordinance No. 150/2004 of 13 February, which contains the list of countries, territories or regions with clearly more favourable tax regimes – the so-called ‘tax havens’.
Following requests from the Governments of the Hong Kong Special Administrative Region, the Principality of Liechtenstein and the Eastern Republic of Uruguay, the list contained in the Ordinance was revised (see Article 63-D(3) of the General Tax Law).
The following were therefore excluded from the list of countries, territories or regions with clearly more favourable tax regimes, contained in Ordinance No. 150/2004:
31) Hong Kong
40) Liechtenstein
79) Uruguay
It should be noted that the three jurisdictions now excluded are not included in the European Union’s list of non-cooperative jurisdictions for tax purposes, adopted by the Council of the European Union, which was last updated on 18 February 2025.
Ordinance No. 292/2025/1 shall enter into force on the day following its publication and shall take effect on 1 January 2026.
