Update on Economic Substance Forms

Update on Economic Substance Forms

As of Friday 15 May, the Department for International Tax Cooperation (DITC) is providing industry with the advance release of the following two Economic Substance (“ES”) Forms: 1. Form for Outsource Service Providers 2. Form for Entity Tax Resident in Another...
CRS Deadline Extended

CRS Deadline Extended

The Department for International Tax Cooperation (DITC) advises industry that the reporting deadline for CRS filings has been extended to 16 November 2020. As the global outbreak of the COVID-19 virus is likely to affect financial institutions (FIs) and competent...
CRS Form Released, FATCA Deadline Extended

CRS Form Released, FATCA Deadline Extended

The Department for International Tax Cooperation (DITC) advises industry of the following: CRS Compliance Form As of Wednesday, 15 April the DITC is providing industry with the advance release of its new CRS Compliance Form. Whilst the 2020 deadline for submission of...
Annual Fees Deferred

Annual Fees Deferred

As of 26 March, the Cayman Islands Government has deferred the obligation to pay annual fees until 30 June for corporate entities registered in the Cayman Islands. This fees deferral applies to all companies, including limited liability companies and foundation...
Extensions Given for Annual Returns and Economic Substance Notifications

Extensions Given for Annual Returns and Economic Substance Notifications

The Registrar of Companies (ROC) and the Department for International Tax Cooperation (DITC) have extended the deadlines for entities to complete their annual returns and economic substance notification filings. The annual return filing deadline has been extended...