Revised FATCA Guidance Notes Issued

The Cayman Islands Tax Information Authority ("Cayman TIA") issued the second official version of the Cayman Islands FATCA Guidance Notes (the "Guidance Notes") on 15 December 2014.  A copy of the Industry Advisory and the Guidance Notes can be found through the following links: 

Industry Advisory 

Guidance Notes on the International Tax Compliance Requirements of the Intergovernmental Agreements between the Cayman Islands and the United States of America and the United Kingdom, Version 2.0.

Defined terms and abbreviations not otherwise described herein have the same meaning given to them in our prior updates. 

The Guidance Notes replace the previous version issued on 22 July 2014 and provide additional commentary on a number of areas, including: