Blacklisted Jurisdiction means the Principality of Andorra; State of Antigua and Barbuda; Commonwealth of the Bahamas; Barbados State; State of Belize; The state of Brunei Darussalam; Republic of Vanuatu; Republic of Guatemala; State of Grenada; Republic of Djibouti; Dominican Republic; the Canary Islands (Spain); Macau Special Administrative Region (People’s Republic of China); Federal Islamic Republic of Comoros; Republic of Costa Rica; Labuan enclave (Malaysia); Republic of Liberia; Principality of Liechtenstein; Madeira Islands (Portugal);
Blacklisted Jurisdiction means (i) State or territory listed as having a privileged tax regime in the Italian Ministerial Decree of 23 January 2002, as amended from time to time; (ii) as from the fiscal year in which the decree pursuant to article 168-bis of Presidential Decree No. 917 of December 22, 1986 shall take effect, State or territory which is not included in the list of countries and territories (the "White List") allowing an adequate exchange of information with the Italian Tax authorities (for the five (5) years starting on the date of publication of the Decree in the Official Gazette, countries and territories which are not included in the current black-lists set forth by Italian Ministerial Decrees of 4 May 1999, 21 November 2001 and 23 January 2002 nor in the current white list set forth by Italian Ministerial Decree of 4 September 1996 are deemed to be included in the White List); (iii) upon the occurrence of any change in law in force as of the date of this Agreement or upon the implementation of the envisaged change in law described in paragraph (ii) above and considering any subsequent amendments, State or territory included in any list of countries and territories (as set out in any relevant law or regulations) not allowing an adequate exchange of information with the Italian Tax authorities referred to under Article 110, Paragraph 10 of Presidential Decree No. 917 of December 22, 1986.
Blacklisted Jurisdiction means any jurisdiction included in the list of blacklisted jurisdictions maintained by the NBK from time to time.
Examples of Blacklisted Jurisdiction in a sentence
It can be assumed that such definition should be broad and include notably all agree- ments (e.g. loan, service, licence, etc.) and shareholding relationships (e.g. direct shareholder or subsidiary) with an enter- prise located in a Blacklisted Jurisdiction.
Hence, in application of the Circular there should be no automatic adverse tax consequences for a Luxem- bourg taxpayer entering into transac- tions with a resident located in a Blacklisted Jurisdiction.