Cayman Islands: Tax Treaties

Further to our recent update, the DITC has issued an updated CRS Entity Self-Certification Form and Individual Self-Certification Form to reflect the recent amendments to the CRS as implemented in the Cayman Islands.

This guide to the Cayman Island's private client sector includes commentary on tax, trusts, foundations and private wealth structures used within the jurisdiction...

As at October 2022, 76 treaties have been signed, 73 of which are in force.

For those with better things to do than follow the machinations of EU tax policy, we should state that Mr. Moscovici is French.

The Cayman Islands continues to push forward with adoption of this OECD reporting framework under the BEPS initiative.

To what extent is domicile or habitual residence relevant in determining liability to taxation in your jurisdiction? There is no direct taxation in the Cayman Islands.

Further to our prior client updates on the US Foreign Account Tax Compliance Act ("FATCA"), we are pleased to confirm that on 29 November 2013 the Cayman Islands signed a Model 1(b) (i.e. non-reciprocal) intergovernmental agreement with the United States ("US IGA").

British Prime Minister David Cameron, speaking in the House of Commons on 9 September 2013, finally went on record to say what the British Overseas Territories and Crown Dependencies with international financial centres have long been saying.

In a notable and detailed decision of the Grand Court of the Cayman Islands dated 13 September 2013, Hon. Justice Quin issued an order for Certiorari quashing the decisions of the Cayman Islands Tax Information Authority ("CITIA") to provide information to the Australian Tax Office ("ATO") pursuant to four requests ostensibly made under the Tax Information Exchange Agreement between the Government of Australia and the Government of the Cayman Islands ("TIEA").