The Cayman Islands Department for International Tax Cooperation (DITC) issued an industry advisory on 17 December 2020 regarding the amendment of the Country-by-Country Reporting (CbCR) Guidance and the replacement of the CbC XML Schema with v2.0. The advisory also notes that because the CbCR Portal has been offline since 25 March 2020, it has not been possible for MNE Groups to submit notific…