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Deadlines for Cayman Islands Financial Institutions ("CFI") to comply with U.S. FATCA and Common Reporting Standards ("CRS") are just around the corner.

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.

The Department for International Tax Cooperation ("DITC") Portal is now open for CRS and FATCA purposes, as anticipated in our previous advisory and the DITC's latest industry advisory.

On 30 June 2021, the Cayman Islands Government gazetted the International Tax Co-operation (Economic Substance) (Amendment of Schedule) Regulations, 2021 (Amendment of ES Schedule Regulations)...

The Department of International Tax Cooperation ("DITC") has issued an industry advisory confirming that the Automatic Exchange of Information Portal ("AEOI Portal") has reopened with revised documentation.

A Reporting Cayman Islands Financial Institution (FI) is required to provide notification to the Cayman Islands Tax Information Exchange Authority (TIA) of certain prescribed details...

Representing a significant development in the Cayman Islands' transparency framework, the OECD/Council of Europe Convention on Mutual Assistance in Tax Matters has been extended to the jurisdiction, and will become effective on 1 January 2014.

The Cayman Islands Tax Information Authority issued the first official version of the Cayman Islands FATCA Guidance Notes on 22 July 2014.

The Tax Information Authority (International Tax Compliance) (Common Reporting Standard) Regulations 2015 implements CRS requirements on an international basis under Cayman Islands law.

Cayman Islands entities classified as reporting financial institutions (Reporting FIs) under the Common Reporting Standard (CRS) framework are required to file their CRS compliance form by 16 September 2024...

Anyone interested in finding out more about some of the multilateral initiatives proposed and confirmed with regard to international tax should attend this special seminar hosted by Cayman Finance.

On behalf of Government, Minister Panton wrote to Mr Osborne on 6 May in order to agree to participate in the discussions.

In March 2024, the Cayman Islands' Department for International Tax Cooperation (DITC) issued a bulletin containing important updates regarding the Common Reporting Standard (CRS)...

The Cayman Islands and the UK have signed a framework agreement on the sharing of beneficial ownership information, which does not involve the use of a central register and will not provide public access to this information.

The Cayman Islands Government notes the publication of the Tax Justice Network's (TJN) latest secrecy index.

Unless otherwise stated, capitalised terms used herein shall have the meaning given to them in prior updates.

Further to our previous update, the Guidance on Economic Substance for Geographically Mobile Activities (the "Guidance") supporting The International Tax Co-operation...

The Cayman Islands is one of 61 countries that have agreed to implement CRS with more than 30 countries expecting to follow shortly.