In a keenly anticipated development the Cayman Islands was removed from the EU list of non-cooperative tax jurisdictions (the "EU blacklist") on 6 October 2020 after adopting reforms relating to...

The European Council announced on 18 February 2020 that the Cayman Islands has been added to the EU's list of non-cooperative jurisdictions in tax matters (Annex I).

Cayman Islands financial institutions that are affected by the CRS should be actively preparing for CRS compliance noting that the new account opening procedures should be in place for 1 January 2016.

The Cayman Islands Tax Information Authority (TIA) released an updated version of the Economic Substance guidance notes (Version 3) on July 13, 2020.

On 1 April 2015 the Italian Minister of Economy and Finance issued a ministerial decree removing the Cayman Islands, the British Virgin Islands and 19 other jurisdictions from Italy's 'blacklist'.

Singapore managing partner John Rogers has recently been discussing offshore opportunities in the India Business Law Journal February 2016 Volume 9 Issue 7.

Pursuant to an industry advisory dated 29 May 2018, the DITC has made announcements with respect to the availability of the AEOI Portal over the coming months and with respect to...

he Cayman Islands government has indicated to the British government that it is committed to joining the G5 pilot.

As expected, the European Council announced on 6 October 2020 that the Cayman Islands has been removed from the EU's list of non-cooperative jurisdictions in tax matters (Annex I).

Attempts to tax top earners at 83% in the UK during the 70's coincided with a significant number of wealthy people seeking residence in other parts of the world.

The Cayman Islands continues to push forward with adoption of this OECD reporting framework under the BEPS initiative.

The Common Reporting Standard ("CRS") is the Organisation for Economic Co-operation and Development's ("OECD") global standard for the automatic exchange of financial account information to combat offshore tax evasion

The Cayman Islands Tax Information Authority (the "TIA") has confirmed that notifications may be submitted on or before 21 May 2015 and that returns may be reported on or before 12 June 2015.

Walkers has recently worked with ICLG to create a Private Client guide exploring the jurisdiction of the Cayman Islands for 2021.

The Cayman Islands Department for International Tax Cooperation has issued an Industry Advisory to update the relevant dates for reporting under the Foreign Account Tax Compliance Act and the Common Reporting Standard.

In a positive development for the jurisdiction, EU ministers have removed the Cayman Islands from their blacklist of ‘non-cooperative jurisdictions for tax purposes'.

Council Directive (EU) 2018/822 (the "Directive" and "DAC6") imposes a new obligation on EU based "intermediaries" (as well as taxpayers in certain circumstances) to report on certain "cross-border arrangements"...

On July 24, Luxembourg Tax Authorities announced an additional one month extension of the filing deadline for the first FATCA reporting.

Further to our previous update in relation to the deadlines for both notification and reporting by Reporting Financial Institutions ("Reporting FIs") through the Cayman Islands AEOI Portal (the "Portal"), the Department of International Tax Cooperation has issued an advisory confirming a further extension of both the notification and the reporting deadlines in respect of US FATCA and UK FATCA (also known as CDOT) to Friday, 2 September 2016.

Further to our earlier advisory, the new Cayman DITC Portal is now open for FATCA/CRS notification, reporting and filing purposes.