19-Mar-2015

Ministry Announces Official Opening of AEOI Portal

Industry is advised that the Cayman Islands Automatic Exchange of Information (AEOI) Portal is open as of 3:15 p.m. on Thursday, 19 March 2015.

The AEOI Portal is now available for financial institutions to conduct their Notification and Reporting obligations to the Tax Information Authority under the Tax Information Authority (International Tax Compliance) (United States of America) (Amendment) Regulations, 2015 and the Tax Information Authority (International Tax Compliance) (United Kingdom) (Amendment) Regulations, 2015 [“the Regulations”].

A User Guide for the AEOI Portal is available on the Tax Information Authority website, and can be accessed via the following link http://tia.gov.ky/pdf/User_Guide.pdf.

The Ministry has received Cabinet approval to amend the mandatory nil return requirement under the Regulations. The nil return requirement in Regulations 8(2) and 6(2) of the US and UK Regulations respectively, will be amended to be non-mandatory. However, there will be the facility for financial institutions to submit nil returns via the Portal should they so wish. Financial institutions with no reportable accounts will still need to complete the notification requirement via the AEOI Portal.

Cayman Captive Forum

Know How

Key Issues

Latest News
Tue-Dec-12-2017
Captive Insurance generates $100m for Cayman's economy

Cayman’s captive insurance industry has generated a total of US $100 million for the island’s economy in 2016, with results from an economic impact survey having been recently released by the Insurance Managers Association of Cayman (IMAC). “Over the summer...

Read More ++

Sign up for our newsletter

Email