Cayman Islands
Overview of CbC reporting requirements
The Cayman Islands has fully implemented the BEPS Action 13 (CbC reporting) minimum standard and meets all of the terms of reference.
First reporting fiscal year: Commencing on or after 1 January 2016
Consolidated group revenue threshold: USD 850 million
Filing deadline: 12 months following the end of the reporting fiscal year
The domestic legal and administrative framework
The Cayman Islands confirms that its rules have not changed and continue to be applied effectively. The Cayman Islands continues to meet all terms of reference.
The exchange of information framework
The Cayman Islands confirms that its rules have not changed and continue to be applied effectively. The Cayman Islands continues to meet all terms of reference.
Appropriate use of CbC reports
The Cayman Islands is a non-reciprocal jurisdiction and, as such, will not receive CbC reports submitted to tax authorities in other jurisdictions, and will not apply local filing. It is therefore not necessary for this peer review evaluation to reach any conclusions with respect to the Cayman Islands’ compliance with the terms of reference on appropriate use.