FATCA Guidance Notes Issued

The Cayman Islands Tax Information Authority ("Cayman TIA") issued the first official version of the Cayman Islands FATCA Guidance Notes (the "Guidance Notes") on 22 July 2014. A copy of the Industry Advisory and the Guidance Notes can be found here:

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 1.0

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

The Guidance Notes have been prepared over the past six months by the Working Group which was constituted from members of the private and public sector, and included Maples and Calder. The Guidance Notes provide further explanation in relation to principles underlying the intergovernmental agreements between the Cayman Islands and the US and UK (the "IGA's"), in addition to the