Cayman Islands issues notice on country-by-country reporting for multinationals

The Cayman Island government on February 2 published an advisory for multinational corporations on country-by-country reporting in advance of the release of planned guidance on the topic.

The government also said it expects to launch a portal for filing the country-by-country reports in early March.

The advisory, published by the Ministry of Finacial Services and Home Affairs, covers various topics, including which entities must file a country-by-country report, what notifications must be provided to the government, due dates for the notifications, and legal mechanisms that will be used to enforce compliance with country-by-country reporting.

 


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