The Cayman Islands Tax Information Authority
(TIA) released its User Guide for the Cayman
Islands Automatic Exchange of Information Portal
(Portal) on 18 March 2015. Although there have
been some press reports that the Portal is now open, it is not as
at the date of this eAlert. Appleby is closely monitoring the
situation and we will send a further alert when the Portal is
The User Guide
The User Guide provides detailed, practical guidance on the form
of notification, the method for logging in and inputting user
details, creating and submitting returns and viewing returns that
have already been submitted.
Cayman reporting financial institutions (Reporting
FIs) are required to name a "Principal Point of
Contact" (POC), who must be an individual who
has been authorised by the Reporting FI to access the Portal and
create the Reporting FI's profile. It is important to note that
the appointment of the POC must be supported by a letter of
authorisation to be uploaded to the Portal as a PDF at the time of
registration. The letter of authorisation must be on the letterhead
of the Reporting FI and must include:
the Reporting FI's name and its GIIN (if applicable);
the full name and contact particulars of person providing the
authorisation on behalf of the Reporting FI;
the full name and office address of the POC.
The POC may name other users who will have all of the same
permissions (save for the ability to name other users themselves).
The POC is responsible for administration of the account and
monitoring of users.
The online notification will then be processed by the TIA and,
if there are no issues with the application, the account will be
created and a username and temporary password will be sent to the
Once this username and password has been received, the POC can
log in to the Portal and create and submit returns for the
Reporting FI. The returns themselves can simply be uploaded as an
XML file or the necessary data can be entered manually in a web
form. Both processes appear simple and straightforward on the face
of it. You can view the Guide
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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