Mondaq All Regions - Cayman Islands: Tax
Stuarts Walker Hersant Humphries
On 5 December 2017, a ‘blacklist' of 17 non-cooperative jurisdictions in taxation matters was approved and published by the Council of the European Union and the Cayman Islands has not, as expected, been included on such list.
Stuarts Walker Hersant Humphries
The DITC has advised the Industry that the Tax Information Authority (International Tax Compliance) (Country-by-Country Reporting) Regulations, 2017 ("CbCR Regulations") were made and gazetted on 15 December 2017.
Solomon Harris
In an Industry Advisory dated 1 February 2018, the Cayman Islands (‘Cayman') Ministry of Financial Services has advised that the Cayman Automatic Exchange of Information (‘AEOI') Portal (‘Portal') will re-open in March 2018.
Intertrust
In this article we share our tips for reporting success for a Cayman Investment Entity Financial Institution (FI) and common pitfalls to watch out for based on our experience, plus what's coming next, including key deadlines.
Maples and Calder
The Advisory also includes a reminder to CFIs that the deadline for filing FATCA and CRS returns and declarations with respect to the 2017 calendar year is 31 May 2018.
Dillon Eustace
These reports will be shared with other jurisdictions participating in the automatic exchange of country by country reports in line with OECD recommendations.
Walkers
The notification and reporting deadlines currently remain at 30 April 2018 and 31 May 2018 respectively.
Walkers
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.
Maples and Calder
As part of the Cayman Islands' ongoing commitment to international tax transparency, the Tax Information Authority (International Tax Compliance) (Country-By-Country Reporting) Regulations...
Walkers
What are the main authorities responsible for enforcing taxes on finance transactions in your jurisdiction?
Cayman Islands Government
The Cayman Islands is not on the EU's list of non-cooperative jurisdictions for tax purposes.
Maples and Calder
The penal withholding tax provisions of FATCA are making it difficult for US citizens to do business with foreign (non-US) financial institutions
Intertrust
41% are reviewing their investment structures to ensure they are BEPS-compliant
Cayman Islands Government
The Cayman Islands remains strong in complying with the international standards that govern the exchange of tax information among tax authorities, according to a report published today.
DMS Governance Ltd
On 19 July, the Department of International Tax Cooperation issued an update to the deadlines for Cayman Islands Financial Institutions to comply with U.S. FATCA and Common Reporting Standards.
Carey Olsen
All Cayman Financial Institutions (CFIs) must register with the Department of International Tax Cooperation for CRS (or vary their existing FATCA/UK CDOT registration) by 31 July 2017.
Maples and Calder
The registration deadline of 31 July, 2017 for both CRS and FATCA registrations has now passed. Financial Institutions that missed the deadline need to focus on completing their registration...
Walkers
The Cayman Islands Department for International Tax Cooperation has announced updates regarding the AEOI regime.
Maples and Calder
Good news - the DITC in Cayman has extended the CRS reporting deadline to the end of August.
Maples and Calder
A reminder that the deadline for FIs to register and report to the Tax Information Authority is two weeks away.
Most Popular Recent Articles
DMS Governance Ltd
The Department for International Tax Cooperation ("DITC") has released Version 2.0 of the Common Reporting Standard ("CRS") Guidance Notes and clarified certain areas:
Maples and Calder
As part of the Cayman Islands' ongoing commitment to international tax transparency, the Tax Information Authority (International Tax Compliance) (Country-By-Country Reporting) Regulations...
Collas Crill
Russia has recently introduced significant changes to its tax code - dubbed the "deoffshorization law"- intended to restrict the use of offshore corporate and trust structures controlled by...
Walkers
The Reportable Jurisdictions are those with which the Cayman Islands will share the information it collects under the CRS.
Cayman Islands Government
The Cayman Islands is not on the EU's list of non-cooperative jurisdictions for tax purposes.
Stuarts Walker Hersant Humphries
On 5 December 2017, a ‘blacklist' of 17 non-cooperative jurisdictions in taxation matters was approved and published by the Council of the European Union and the Cayman Islands has not, as expected, been included on such list.
Walkers
What are the main authorities responsible for enforcing taxes on finance transactions in your jurisdiction?
Harneys
The DITC has stated that it will issue updated CRS Guidance Notes in the first quarter of 2017 to cover the Regulations.
Stuarts Walker Hersant Humphries
The DITC has advised the Industry that the Tax Information Authority (International Tax Compliance) (Country-by-Country Reporting) Regulations, 2017 ("CbCR Regulations") were made and gazetted on 15 December 2017.
DMS Governance Ltd
Deadlines for Cayman Islands Financial Institutions ("CFI") to comply with U.S. FATCA and Common Reporting Standards ("CRS") are just around the corner.
Foley Hoag LLP
On June 22, 2017, the Cayman Islands extended deadlines relating to 2016 FATCA and Common Reporting Standard (CRS) compliance.
Walkers
The Cayman Islands and British Virgin Islands ("BVI") have open, accountable and transparent regulatory systems.
Article Search Using Filters
Related Topics
Popular Authors
Popular Contributors
Up-coming Events Search
Tools
Font Size:
Translation
Channels
Mondaq on Twitter