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24 February 2016

Cayman Islands FATCA/CRS update

The US Foreign Account Tax Compliance Act (US FATCA), which has resulted in a network of intergovernmental agreements (IGAs), represents a major commitment by the U.S. Government and its IGA partners, including the Cayman Islands, to cross-border tax cooperation. FATCA has also resulted in extensive new reporting obligations by financial institutions, including Cayman Islands financial institutions (FIs) in accordance with the terms of the IGA between the Cayman Islands and the United States.

A Tax Alert prepared by Ernst & Young Cayman Islands, and attached below, provides additional details.

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ATTACHMENT

Document ID: 2016-0373

 

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