Cayman Islands: FATCA, CRS amended legislation enacted

Cayman Islands: FATCA, CRS amended legislation enacted

The Cayman Islands enacted legislation amending the Tax Information Authority Law (2017 Revision) under the FATCA and common reporting standard (CRS) regimes.


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The amendments include:

  • An updated section on the functions of the Tax Information Authority (Part II, Section 5(2))
  • An added section on penalties related to the supply of false or misleading information to the Tax Information Authority (Part V, Section 24(a))

Read a September 2020 report [PDF 70 KB] prepared by the KPMG member firm in the Cayman Islands

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