Cayman Islands releases AEOI News & Updates

On 19 May 2020, the Cayman Islands Department for International Tax Cooperation (“DITC”) released an updated version of the Automatic Exchange of Information (“AEOI”) News & Updates circular: “AEOI News & Updates” to reflect the recent changes regarding the AEOI (Link).

A new launch date for the DITC Portal will be provided in due course. All functionality (notifications and

reporting) will be available at that time. All user accounts from the AEOI Portal will be migrated to the new DITC Portal along with their assigned FIs. APs and PPoCs should expect an email from the DITC in due course, which will contain steps on how to log onto the DITC Portal.

In addition, the DITC Portal Frequently Asked Questions have been updated. The eleven questions and answers help taxpayers and financial institutions to understand the capabilities of the new DITC portal and their responsibilities when using it.

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