Cayman Islands issues guidance for financial institutions on common reporting standard obligations

The Cayman Islands Department for International Tax Cooperation on April 13 issued guidance for financial institutions on the common reporting standard for automatic exchange of financial account information.

The document provides guidance on aspects of the common reporting standard that are particular to Cayman Islands and further clarifies the Cayman Islands common reporting standard regulations, which came into force in 2016.

See:

• Guidance