Update on Economic Substance

The Department for International Tax Cooperation (DITC) advises industry of the following: Legislative Assessment – OECD Forum on Harmful Tax Practices (FHTP) As previously advised, a Ministry delegation attended the June meeting of the FHTP, where the Economic...

Updated List of Reportable Jurisdictions

Industry is advised that the Department for International Tax Cooperation (DITC) has published the attached list of CRS Reportable Jurisdictions, pursuant to regulation 5(3) of the Tax Information Authority (International Tax Compliance) (Common Reporting Standard)...

Economic Substance Regulations, and Guidance v2.0

The Department for International Tax Cooperation (DITC) advises industry that Cabinet approved the following on Tuesday, 30 April 2019: The International Tax Co-operation (Economic Substance) (Amendment of Schedule) (No. 2) Regulations, 2019; and The Regulations and...

Country-by-Country Reporting Notification Deadline

The Department for International Tax Cooperation reminds industry of the 30 September 2018 deadline for Constituent Entities in the Cayman Islands to make CbCR notifications for MNE Groups that have a Fiscal Year which began on or after 1 January 2016, and ended on or...