The EU is preparing to give Turkey extra time to ensure transparency and openness in taxation in accordance with EU requirements, so as not to get into the black tax list, Reuters reported referring to sources in the diplomatic circles of Brussels.

The EU does not want to add Turkey to the blacklist of tax havens “for political reasons,” one of the agency’s sources noted, therefore, it agrees to give more time to change the tax regime.

“Turkey should in theory be listed, but for political reasons it avoided it,” an EU diplomat told Reuters.

According to Reuters, Ankara was supposed to pass laws to automatically exchange tax information with the EU by the end of 2019. The second source told the agency that now the term can be extended until the end of 2020.