The Seychelles is hoping that amendments to its financial and legal legislation will see it removed from the European Union (EU) taxation blacklist by February 2021.

The jurisdiction is hoping to be removed from the list despite being downgraded in April by the OECD from being largely compliant to partially compliant.

Speaking at a press conference last month, the island’s Secretary of State for Finance, Patrick Payet, said Seychelles’ officials had spoken to the OECD and made it aware that the Indian Ocean jurisdiction had been told by EU that as long it remains a partially compliant country, Seychelles will not be...