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ARTICLE · 13 MAY 2015

Cayman Islands Quarterly Update - May 2015

Carey Olsen
Carey Olsen
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Carey Olsen

Carey Olsen

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In our March client briefing we noted that the Tax Information Authority in the Cayman Islands ("TIA") had launched its online portal for the automatic exchange of tax information (the "AEOI Portal")...

Cayman IslandsWealth Management
Nick Bullmore
Nick Bullmore
Jarrod Farley
Jarrod Farley
Jan Golaszewski
Jan Golaszewski
Anthony McKenzie
Anthony McKenzie
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FATCA reporting commences

In our March client briefing we noted that the Tax Information Authority in the Cayman Islands ("TIA") had launched its online portal for the automatic exchange of tax information (the "AEOI Portal"), which can be accessed from its website (www.tia.gov.ky). A user guide to the portal is also available on TIA's website.

The deadline for reporting Cayman Islands financial institutions ("Reporting FIs") to register on the AEOI Portal in respect of 2014 reporting, was 30 April. However, TIA is taking a soft approach to enforcement in this first year and has announced that registrations submitted by 12 May will not attract any adverse compliance consequences or enforcement measures.

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