The Cayman Islands Department for International Tax Cooperation (DITC) has announced the launch of Country-by-Country (CbC) Reporting Portal on 4 May 2018. The announcement includes portal links for:
The announcement also notes revised versions of certain CbC reporting documentation, including:
The Cayman Islands CbC reporting requirements apply for reporting fiscal years of MNE groups beginning on or after 1 January 2016 for ultimate and surrogate parent entities resident in the Cayman Islands (no general local filing requirements for non-parent entities). The standard deadline for notifications is the end of the reporting fiscal year, but for years ending up to 31 May 2017, the deadline is 22 May 2018 (a brief additional extension from 15 May noted in the announcement). The standard deadline for CbC reports is 12 months after the end of the reporting fiscal year, but for years ending up to 31 May 2017, the deadline is 31 May 2018.
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