The Department for International Tax Cooperation (DITC) is
following Cayman Islands Government policy and activating its
business continuity plan during the coronavirus (COVID-19)
pandemic.
As a result, the DITC expects to maintain its operational
frameworks and international obligations. Confidentiality and data
safeguards remain critical for DITC functions and strict security
measures will continue to apply to all remote working.
The DITC, which falls under the remit of the Ministry of
Financial Services, has contacted all external service providers to
confirm their coronavirus contingency plans and obtain assurances
of continuity of service.
In light of the coronavirus, the DITC is aware that this creates
some concern as to whether Cayman Islands reporting deadlines under
the Common Reporting Standard, Foreign Account Tax Compliance Act,
Country-by-Country Reporting, Economic Substance, and Exchange Of
Information on Request domestic legal frameworks will
