Cayman Economic Substance Reporting to Start in 2020

By in

The Cayman Islands Tax Information Authority have clarified some of the timescales for reporting the economic substance requirements that came into force at the start of the year in January 2019.

An economic substance notification will be required for all entities with separate legal personality and will be carried out via the General Registry system using an online notification form. The form will be available for viewing later this year. The registration deadline is January 15th, 2020, and the substance return will be due 12 calendar months after the year end.