Skip to main content

Key updates to Cayman Islands Economic Substance Guidance

Key updates to Cayman Islands Economic Substance Guidance

The Cayman Islands Tax Information Authority (TIA) released an updated version of the Economic Substance guidance notes (Version 3) on July 13, 2020.

This eagerly anticipated guidance was well received by the financial services industry and provides enhanced clarity on the requirements of the Cayman Islands Economic Substance regime, including sector specific guidance and an anti-avoidance provision.

This further demonstrates the Cayman Islands commitment to international regulatory standards.

Please refer to the Cayman Islands TIA's guidance here.

If you have any questions on how this might impact your entity, please contact Client Director, Andre Slabbert via his profile below.

You may also like

17 June 2020

Reading time: 7 minutes

Deadlines to register Cayman Islands investment funds approaching

Managing Partner, Kendra Foster and Vice President – Fiduciary Services, Todd Hazlewood outline th...

Read more

24 February 2020

Reading time: 11 minutes

Implications of Cayman Islands' new Private Funds Law and amended Mutual Funds Law

Managing Director - Cayman Islands, Richard Gordon and Managing Partner, Kendra Foster walk throug...

Read more

07 April 2020

Reading time: 9 minutes

Extensions granted for filings in the Cayman Islands

In light of the COVID-19 pandemic and its implications on business continuity in the financial ser...

Read more