On 29 March 2018, the Cayman Islands Department for International Tax Cooperation (DITC) announced the publication of:
The Cayman Islands CbC reporting requirements apply for reporting fiscal years of MNE groups beginning on or after 1 January 2016 for resident 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 and the deadline for CbC reports is 12 months after the close of the reporting fiscal year, but as announced earlier, the deadline for the submission of the first notifications has been extended to 15 May 2018 and the deadline for the first CbC reports has been extended to 31 May 2018. If a group's reporting entity is not resident in the Cayman Islands, the deadline for the first notification has been further extended to 30 September 2018.
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