Cayman Islands:
Cayman AEOI Update: Portal Backlog Advisory
18 September 2017
by
Richard May
,
Christopher Capewell
,
Tim Dawson
,
Tim Frawley
,
Patrick Head
,
Martin Livingston
,
Alasdair Robertson
,
James Turner
,
Tahir Jawed
,
Andrew Quinn
,
James Gaden
,
Harjit Kaur
,
Heidi De Vries
and
Michael Gagie
Maples Group
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Following the closure of its AEOI Portal, the Cayman Islands
Department for International Tax Cooperation has issued an advisory
dated 13 September 2017 (the
"Advisory"), announcing its approach to
dealing with prior and new information requests and enquiries
emailed to its AEOI Portal mailbox.
The Advisory also states that the Portal will
reopen once data has been transmitted to the IRS and the CRS Common
Transmission System. It also gives an indication of what factors
will be taken into consideration in the event of non-compliance
with filing requirements.
Further information about the AEOI regimes can be found on our
dedicated
FATCA and CRS webpage.
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.
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