Corporate Tax, Cayman Islands updates

 
Introduction to automatic exchange of information for investment funds
  • Cayman Islands
  • September 01 2017

As Cayman Islands entities are not directly subject to the so-called 'automatic exchange of information' agreements, the government has introduced legislation to implement these under the Tax Information Authority Law. Guidance notes have also been issued, providing details of the notification, reporting and ongoing obligations that apply, as well as a useful reminder of the differences between the Foreign Account Tax Compliance Act and the Common Reporting Standard.

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