Collective engagement to implement the Crypto-Asset Reporting Framework

The Cayman Islands to Implement CARF The Cayman Islands is one of 48 jurisdictions that is endorsing a Collective engagement to implement the Crypto-Asset Reporting Framework (CARF). The joint statement on the engagement, which the jurisdictions are issuing today, (10...

CRS Jurisdictions Lists, and Reporting Deadlines

The Department for International Tax Cooperation (DITC) published the lists of CRS Participating Jurisdictions and CRS Reportable Jurisdictions in the Cayman Islands Gazette on Friday, 31 March 2023. These are the CRS and FATCA reporting deadlines in 2023, for the...
Economic Substance Guidance Notes v3.0 Issued

Economic Substance Guidance Notes v3.0 Issued

The Department for International Tax Cooperation (DITC) advises industry that the latest version (v3.0) of the Economic Substance Guidance Notes (“Guidance Notes”) has been issued today (Monday, 13 July). The Guidance Notes were developed based on feedback received...
Financial Services Update

Financial Services Update

Industry is advised that the Ministry of Financial Services is addressing a number of matters in the coming days as part of its business continuity plans in the face of the coronavirus (COVID-19) pandemic. VIRTUAL ASSETS AND ADMINISTRATIVE FINES CONSULTATIONS EXTENDED...