Corporate Taxes, Cayman Islands

Revised Economic Substance Guidance Notes: Further Clarity for Entities Claiming to be Tax Resident Outside the Cayman Islands

Conyers on 12/6/2022

The Department for International Tax Co-operation (DITC) issued a revised version (version 3.2) of the Guidance on Economic Substance For Geographically Mobile Activities in July 2022 (Revised ES Guidance Notes)....more

The Revenue Rule in the Cayman Islands and British Virgin Islands

Conyers on 8/27/2021

It is well established, under common law principles applicable in the Cayman Islands and the British Virgin Islands that claims for payment of foreign tax liabilities, or claims for the enforcement of foreign judgments for...more

Hard Deadline for Filing 2019 Economic Substance Return Upcoming on 30 April 2021

Conyers on 4/29/2021

Relevant entities carrying on all types of relevant activity (except for those carrying on intellectual property business) under the International Tax Co-operation (Economic Substance) Act (2021 Revision) (“ES Act”) with a...more

Importance of conformity to international tax standards – Cayman Islands added to the EU blacklist of non-cooperative...

BCLP on 2/26/2020

The EU’s Economic and Financial Affairs Council (ECOFIN) maintains a list of non-cooperative jurisdictions for tax purposes; the purpose of which is to contribute to ongoing efforts to promote tax good governance worldwide....more

New Offshore Economic Substance Rules Could Spell Significant Concern for PE Funds and Bermuda/Cayman/BVI-Based Structures

Orrick, Herrington & Sutcliffe LLP on 4/30/2019

Traditionally, in the world of international tax planning, it has not been uncommon to see corporate structures utilizing entities organized in offshore jurisdictions that do not impose an income tax on corporate earnings –...more

Cayman Islands FATCA/CRS Compliance Deadlines (2016)

Foley Hoag LLP on 4/14/2016

Cayman Islands investment entities are currently subject to three separate regimes relating to financial account information reporting: U.S. FATCA, U.K. FATCA and the OECD Common Reporting Standard (CRS). Although these...more

Use of Estonia in U.S. International Tax Planning

Bilzin Sumberg on 8/24/2015

According to recent estimates, Estonia, which is situated halfway between Stockholm and St. Petersburg, currently has more than 350 start-up technology companies – one for every 3,700 citizens – and the government expects...more

Corporate Taxes › Cayman Islands