Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 07 FEBRUARY 2018

Cayman Islands CRS Update

Walkers
Walkers
Contributor
Walkers

Walkers

Firm Details Global Managing Partner: Ingrid Pierce Office Managing Partner: Daniel Wood Number of...

View firm profile
Explore more from Walkers

The Cayman Islands Department for International Tax Cooperation has issued an industry advisory which includes updated lists of CRS Participating Jurisdictions and CRS Reportable Jurisdictions.

Cayman IslandsTax
Lucy Frew
Lucy Frew
Sandra Edun-Watler
Sandra Edun-Watler
Andrew Howarth
Andrew Howarth
Author LinkedIn connections

The Cayman Islands Department for International Tax Cooperation has issued an industry advisory which includes updated lists of CRS Participating Jurisdictions and CRS Reportable Jurisdictions.

The notification and reporting deadlines currently remain at 30 April 2018 and 31 May 2018 respectively.

A number of what were previously only Participating Jurisdictions are now Reportable Jurisdictions for reports due in 2018 onwards, meaning the total Reporting Jurisdictions for 2018 has doubled to 90, as compared to 45 for 2017.

The CRS Guidance Notes will be updated later in February 2018 to reflect these and certain other changes regarding the CRS.

A revised form of Entity Self-Certification will be released later in February 2018.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

2027 CRS, FATCA And CARF Deadlines

The Cayman Islands Department for International Tax Cooperation has released critical updates for the 2027 compliance cycle covering Common Reporting Standard, Foreign Account Tax Compliance Act, and Crypto-Asset Reporting Framework requirements. Financial institutions and crypto-asset reporting service providers must navigate new registration deadlines, enhanced due diligence procedures, and the transition to updated XML reporting schemas for the 2026 calendar year.
Cayman IslandsTax
Stuarts Humphries
Stuarts Humphries
Article

Cayman CRS PPoC: Local Contact Requirements

The Cayman Islands has introduced a new local nexus requirement for Common Reporting Standard compliance, mandating that Financial Institutions appoint a Principal Point of Contact with a physical presence in the Cayman Islands. With the 31 January 2027 deadline approaching and penalties of CI$10,000 for non-compliance, FIs must urgently review their current registrations and ensure their appointed contacts meet the updated territorial requirements.
Cayman IslandsTax
Stuarts Humphries
Stuarts Humphries
Article

New CRS Principal Point Of Contact Requirement For Cayman Financial Institutions

As part of the Cayman Islands' implementation of the OECD's enhanced Common Reporting Standard (CRS) framework, commonly referred to as CRS Regime 2.0, the Tax Information Authority (International Tax Compliance) (Common Reporting Standard) (Amendment) Regulations, 2025 introduced a new requirement for all Cayman Financial Institutions (FIs) to appoint a Principal Point of Contact (PPOC) based in the Cayman Islands.
Cayman IslandsTax
Collas Crill
Collas Crill
Article

Cayman Islands Local PPOC Requirement

The Cayman Islands has implemented new regulations requiring every Cayman Financial Institution to designate a Principal Point of Contact based locally, with an extended compliance deadline now set for January 2027. This development represents a significant component of the jurisdiction's broader CRS 2.0 implementation framework, creating new operational obligations for financial institutions operating in the territory.
Cayman IslandsTax
Stuarts Humphries
Stuarts Humphries
Article

The Future Of Islamic Finance: Insights From IFN UK Forum 2026

Islamic finance is experiencing rapid global expansion, with assets approaching US$6tn and record sukuk issuance attracting non-traditional investors. The convergence of Shariah-compliant and sustainable investing is creating new opportunities, while AAOIFI Standard No. 62 and tokenisation developments are reshaping how Islamic finance structures are designed and implemented across international markets.
United KingdomFinance and Banking
Walkers
Walkers