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ARTICLE · 01 DECEMBER 2022

Cayman Islands: Year-End Obligations

Maples Group
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As 2022 draws to a close, we take this opportunity to remind Cayman Islands entities of certain regulatory obligations and filing deadlines.

Cayman IslandsTax
Christopher Capewell
Christopher Capewell
Patrick Head
Patrick Head
Tim Dawson
Tim Dawson
Martin Livingston
Martin Livingston
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As 2022 draws to a close, we take this opportunity to remind Cayman Islands entities of certain regulatory obligations and filing deadlines.

Economic Substance

'Relevant entities' carrying out 'relevant activities' for the purposes of the International Tax Co-operation (Economic Substance) Act (As Revised) (the "ES Act") during 2021, with their financial year end on 31 December, are required to file their economic substance return ("ES Return") with the Department for International Tax Cooperation (the "DITC") no later than 31 December 2022. As this deadline falls on a Saturday, we would advise clients to ensure completion of their ES Return filing ahead of the deadline by Friday, 30 December 2022 to avoid incurring penalties.

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