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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.
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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.
The notification and reporting deadlines currently remain at 30
April 2018 and 31 May 2018 respectively.
A number of what were previously only Participating
Jurisdictions are now Reportable Jurisdictions for reports due in
2018 onwards, meaning the total Reporting Jurisdictions for 2018
has doubled to 90, as compared to 45 for 2017.
The CRS Guidance Notes will be updated later in February 2018 to
reflect these and certain other changes regarding the CRS.
A revised form of Entity Self-Certification will be released
later in February 2018.
The AEOI Portal User Guide will also be updated to reflect new
functionality on the AEOI Portal, including new processes for
changing the Principal Point of Contact or Authorising Person of a
Cayman Financial Institution and for deactivating a Cayman
Financial Institution.
The AEOI Portal is expected to reopen in early March 2018.
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.
