January 22, 2021

Cayman Islands extends CRS notification and reporting dates

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By Hatice Ismail, Martin Shah From Simmons & Simmonds elexica The Cayman Islands have announced that they are pushing back by two months the 2017 deadlines for Cayman Financial Institutions (FIs) to notify their status to the Cayman Islands Tax Information Authority (Cayman TIA) and file first reports for Common Reporting Standard (CRS) purposes via the Cayman […]

Implications of FATCA for Cayman Islands entities

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By Jarrod Farley and Shaun Hardcastle From Carey Olsen WHAT IS FATCA? FATCA or the Foreign Account Tax Compliance Act, is actually a section of the Hiring Incentives to Restore Employment (HIRE) Act passed into United States law in March 2010, that comes into force on 1 July 2014. It is unique in its extra-territorial […]