Following the closure of its AEOI Portal, the Cayman Islands Department for International Tax Cooperation has issued an advisory dated 13 September 2017 (the "Advisory"), announcing its approach to dealing with prior and new information requests and enquiries emailed to its AEOI Portal mailbox.
The Advisory also states that the Portal will reopen once data has been transmitted to the IRS and the CRS Common Transmission System. It also gives an indication of what factors will be taken into consideration in the event of non-compliance with filing requirements.
Further information about the AEOI regimes can be found on our dedicated FATCA and CRS webpage.
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