October 1, 2020

Cayman Islands: Automatic exchange of information – further update

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Harneys From ILO Introduction Key dates for 2017 A timely reminder for CRS compliance Phasing out of UK CDOT and EU Savings Directive obligations Introduction The Cayman Islands Tax Information Authority (TIA) recently issued further updates on the compliance obligations of Cayman financial institutions under legislation implementing the: Common Reporting Standard (CRS); US Foreign Account […]

New airline a competitor, or savior

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By George Alleyne From Caribbean Life Just a week into operation a Caribbean airline, Trans Island Air, has hit political turbulence with its owner getting into a war of words with Barbados Tourism Minister Richard Sealy over viability of the venture. On the eve of its launch last week, Sealy scoffed at the company by […]

Cayman Islands AEOI Portal for CRS Notification and FATCA Reporting Is Open: Several Deadlines Have Been Extended

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By Harold Adrion From Eisner Amper The Cayman Islands Department for International Tax Cooperation has opened its Automatic Exchange of Information Portal (AEOI Portal) for notifications for the Common Reporting Standard (CRS) and FATCA reporting. It has also released a revised user guide. All Cayman Islands Financial Institutions with CRS reporting obligations are required to […]

The Cayman Islands and the Common Reporting Standard

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From Conyers Dill & Pearman The Cayman Islands and the Common Reporting Standard Issued by The Organisation for Economic Co-Operation and Development Preface This publication has been prepared to provide an overview of the common reporting standard issued by the Organisation for Economic Co-Operation and Development (“OECD”). It deals in broad terms with the implementation […]

Cayman Islands: Cayman Islands AEOI Update – Second Tranche of CRS Regulations Released

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Article by Roman Ipfling and Kevin A. Phillip DMS Offshore Investment Services From Mondaq The Cayman Islands Government issued the second tranche of the Common Reporting Standard (“CRS”) regulations at the end of December 2016. Updated Guidance Notes will be issued in Q1 2017 by the Cayman Islands Tax Information Authority (“TIA”) to assist with […]

Cayman Islands Issue OECD Common Reporting Standard Penalty Regulations

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By Tim Clipstone, Christopher Capewell, Tim Dawson, Tim Frawley, Patrick Head, Martin Livingston, Alasdair Robertson, James Turner, Tahir Jawed, Andrew Quinn, Richard Grasby, Harjit Kaur, Michael Gagie From Maples and Calder The Cayman Islands Tax Information Authority (International Tax Compliance) (Common Reporting Standard) (Amendment) Regulations, 2016 (the “Regulations”) were issued on 19 December 2016. The […]

Cayman Islands FATCA/CRS Compliance Deadlines (2016)

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By The Foley Adviser From FoleyHoag Cayman Islands investment entities are currently subject to three separate regimes relating to financial account information reporting: U.S. FATCA, U.K. FATCA and the OECD Common Reporting Standard (CRS). Although these regimes are similar, each has its own unique set of rules. Accordingly, investment advisers that manage Cayman Islands investment […]

Cayman Islands Automatic Exchange of Information Update

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By Tim Clipstone, Christopher Capewell, Tim Dawson, Tim Frawley, Patrick Head, Martin Livingston, Alasdair Robertson, Tahir Jawed, Andrew Quinn, Richard Grasby, Harjit Kaur, Michael Gagie Corporate, Finance, Investment Funds, Regulatory & Financial Services, FATCA Cayman Islands From Maples and Calder 10 December 2015 The Cayman Islands Tax Information Authority (“TIA”) has issued an advisory addressing […]

Cayman Islands issues self-certification templates and participating jurisdiction list

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From FTSE Global Markets Wednesday, 09 December 2015 The Cayman Islands Ministry of Financial Services’ Department for International Tax Cooperation (DITC) on 8 December 2015 issued an industry advisory regarding the ongoing implementation of the Common Reporting Standard (CRS) in the Cayman Islands. The advisory issued two new templates; the entity self-certification form and the […]

Cayman AEOI Portal almost open [ or open] -UPDATED

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By Ian Gobin and Matthew Taber From Appleby The Cayman Islands Tax Information Authority (TIA) released its User Guide for the Cayman Islands Automatic Exchange of Information Portal (Portal) on 18 March 2015. Although there have been some press reports that the Portal is now open, it is not as at the date of this […]