The Isle of Man has not been named on a blacklist of non-cooperative tax jurisdictions.
The European Union's Economic and Financial Affairs Council announced 92 countries have been screened by a Code of Conduct team.
17 jurisdictions were blacklisted, including the United Arab Emirates, Barbados and Panama.
The Isle of Man is on a grey list, but Chief Minister Howard Quayle insists that his Government are committed to working alongside ECOFIN over the next year.
There were fears that the island would be listed following the BBC's Paradise Papers feature.