Cayman Islands:
Key Updates To Cayman Islands Economic Substance Guidance
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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.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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