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The Cayman Islands Department of International Tax Compliance (DITC) has notified Cayman financial institutions of its intention to move forward with implementing the OECD's Common Reporting Standard...

A new Cayman crypto reporting framework is to be implemented by 2027

There are some five hundred tax information exchange treaties now entered into globally, broadly following the OECD model, but very little case law determining how they operate in practice.

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

The Cayman Islands Tax Information Authority (TIA) released its User Guide for the Cayman Islands Automatic Exchange of Information Portal (Portal) on 18 March 2015.

The Cayman Islands Department for International Tax Cooperation has recently announced that its online Automatic Exchange of Information Portal is now open.

On 11 April 2016, the Cayman Islands government formally announced a commitment to enhance its existing robust arrangements with the UK government on the exchange of beneficial ownership information in relation to Cayman Islands companies.

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 Bipartisan Budget Act of 2015 introduced new partnership audit rules, which require entities that file a partnership tax return in the United States (the "US") (Form 1065)...

The next step for the Cayman Islands in relation to international tax cooperation is the implementation later this year of the OECD Common Reporting Standard (CRS).

Grand Cayman, 28 November 2022 – The Cayman Islands continue to make significant contributions to international tax cooperation efforts, as evidenced by its ongoing involvement...

With effect from 30 June 2021 the International Tax Co-operation (Economic Substance) (Amendment) of Schedule Regulations, 2021 serve to expand the application of the International Tax Cooperation...

Cayman Finance is disappointed to read that the Cayman Islands has today been included on a list (based on the views of 11 EU countries with which Cayman does little international business) implying that we might be non-compliant regarding tax good governance.

Cayman is taking a clear stance on anti-evasion tax measures, having communicated to the UK Government its commitment to join the G5 pilot on multilateral automatic exchange of information, a program initiated under the UK’s G8 agenda and that will discuss how such an exchange of information could be implemented.

On 3 March 2017 the Cayman Islands Department for International Tax Cooperation (DITC) announced that the 2017 deadlines for notification and reporting obligations under the Common Reporting Standard regulations will be extended by two months.

The Cayman Islands Department for International Tax Cooperation (DITC) has advised that it is in the final stages of preparing its FATCA data to be provided to the IRS.

The economic substance requirements in the Cayman Islands, introduced by the International Tax Co-operation (Economic Substance) Act (as revised) (the "ES Act")