Cayman Islands:
Cayman AEOI Update: Portal Backlog Advisory
18 September 2017
by
Richard May
,
Christopher Capewell
,
Tim Dawson
,
Tim Frawley
,
Patrick Head
,
Martin Livingston
,
Alasdair Robertson
,
James Turner
,
Tahir Jawed
,
Andrew Quinn
,
James Gaden
,
Harjit Kaur
,
Heidi De Vries
and
Michael Gagie
Maples Group
To print this article, all you need is to be registered or login on Mondaq.com.
Following the closure of its AEOI Portal, the Cayman Islands
Department for International Tax Cooperation has issued an advisory
dated 13 September 2017 (the
"Advisory"), announcing its approach to
dealing with prior and new information requests and enquiries
emailed to its AEOI Portal mailbox.
The Advisory also states that the Portal will
reopen once data has been transmitted to the IRS and the CRS Common
Transmission System. It also gives an indication of what factors
will be taken into consideration in the event of non-compliance
with filing requirements.
Further information about the AEOI regimes can be found on our
dedicated
FATCA and CRS webpage.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Finance and Banking from Cayman Islands
Q&A: Safe Harbours For VASPs - Part 1
Ogier
Asian Legal Business was keen to hear from our experts on how this will allow virtual asset services providers (VASPs) to anchor in theses jurisdictions, despite increased regulatory burdens...
Q&A: Safe Harbours For VASPs - Part 2
Ogier
In 2023, Jersey and the British Virgin Islands passed legislation indicating they were welcoming virtual asset service providers, joining the likes of the Cayman Islands...