Latest Treaty Updates: Cayman Islands

Treaty Update: Cayman Islands - Isle of Man


The TIEA between the Cayman Islands and the Isle of Man became effective on August 26, 2016.

Treaty Update: Guernsey - Cayman Islands


Guernsey and the Cayman Islands completed the signing of a Protocol to their tax information exchange agreement on October 8, 2015.

Treaty Update: Isle of Man - Cayman Islands


The Isle of Man and the Cayman Islands on September 22, 2015, completed the signing of a TIEA, after its signature earlier in the Cayman Islands on September 10, 2015.

Treaty Update: Colombia - Cayman Islands


Colombia and the Cayman Islands plan to sign a TIEA on July 1, 2014, according to an announcement from the Cayman Government.

Treaty Update: Cayman Islands - Malta


The tax information exchange agreement between the Cayman Islands and Malta entered into force on April 1, 2014.

Treaty Update: United States - Cayman Islands


A new tax information exchange agreement between the Cayman Islands and the United States will enter into force on April 14, 2014.

Treaty Update: Malta - Cayman Islands


According to preliminary media reports, Malta on February 7, 2014 ratified the TIEA the territory signed with the Cayman Islands.

Treaty Update: Cayman Islands - Brazil


The Cayman Islands and Brazil signed a TIEA on March 19, 2013.

Treaty Update: Qatar - Cayman Islands


Qatar's state news agency has announced that Amir Hamad bin Khalifa al-Thani approved the draft TIEA agreed between Qatar and the Cayman Islands on October 26, 2012, on December 23, 2012.

Treaty Update: Cayman Islands - Italy


The government of the Cayman Islands has announced that a TIEA between the Cayman Islands and Italy was signed in London on December 3, 2012.

Treaty Update: Cayman Islands - Czech Republic


According to preliminary media reports, the Cayman Islands and the Czech Republic signed a TIEA during meetings held between government officials on October 26-27, 2012.

Treaty Update: Cayman Islands - Qatar


According to preliminary media reports, the Cayman Islands and Qatar signed a TIEA on October 26, 2012.

Treaty Update: Cayman Islands - Argentina


According to preliminary media reports, the TIEA signed between the Cayman Islands and Argentina on October 13, 2011, entered into force on August 31, 2012.

Treaty Update: Cayman Islands - South Africa


According to preliminary media reports, the TIEA between the Cayman Islands and South Africa entered into force on February 23, 2012.

Treaty Update: Cayman Islands - Mexico


According to preliminary media reports, the Cayman Islands' TIEA with Mexico will enter into force on March 9, 2012.

Treaty Update: Cayman Islands - Japan


The TIEA signed on February 7, 2011, between the Cayman Islands and Japan will enter into force on November 13, 2011, according to information from the Cayman Islands Tax Information Authority.

Treaty Update: Argentina - Cayman Islands


A TIEA between Argentina and the Cayman Islands was signed on October 14, 2011.

Treaty Update: Cayman Islands - China


The Cayman Islands government confirmed the signing on September 27, 2011, of a TIEA with China.

Treaty Update: Guernsey - Cayman Islands


The Guernsey government announced the signing of a Tax Information Exchange Agreement with the Cayman Islands, on August 1, 2011.

Treaty Update: Canada - Cayman Islands


The TIEA covers taxes on income and capital imposed in Canada, and in the Cayman Islands, income and capital taxes. The TIEA provides for the exchange of information relevant to the administration of domestic tax laws, and information relevant to the determination, assessment and collection of taxes, the recovery and enforcemeet of tax claims, or the investigation or prosecution of tax matters. The TIEA also provides for the exchange of information held by banks and financial institutions, and information on the ownership of companies, partnerships, and, in certain cases, trusts and foundations. The TIEA also provides a mutual agreement procedure to resolve interpretation or application difficulties.

Treaty Update: Cayman Islands - Indonesia


It is hoped the TIEA will be finalised and signed in 2011.

Treaty Update: Cayman Islands - Spain


Spain will no longer classify the Cayman Islands as a tax haven under its domestic legislation. The date and location for the signing will be confirmed in the coming months.

Treaty Update: Cayman Islands - Japan


The terms of this TIEA include provisions for pensioners, students, government employees and residents of Japan, in that they will not be subject to double taxation.

Treaty Update: South Africa - Cayman Islands


Treaty Update: India - Cayman Islands


The TIEA outlines the procedures and channels through which authorities in the respective jurisdictions can request information

Treaty Updates by Territory

Latest News

Switzerland Under Tax Pressure Ahead Of Jakarta Global Forum 21/11/2013
Despite the significant progress that has undoubtedly been made in terms of tax transparency, Switzerland fears that it will be placed under enormous pressure to up the tempo of reform at the upcoming Global Forum meeting in Jakarta.

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Japan-Cayman Islands TIEA Enters Into Force 20/10/2011
The comprehensive tax information exchange agreement between Japan and the Cayman Islands, which was originally signed on February 7 this year, will come into force on November 13, 2011.

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India Rapidly Expanding Tax Agreement Network 17/10/2011
India is playing a major role in the global crusade against black money and has completed negotiations for 16 new tax information exchange agreements, according to the chairman of the Central Board of Direct Taxes M C Joshi.

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UK Tax Agreements In Force 12/1/2011
Tax agreements between the UK and Gibraltar, the Cayman Islands and Germany have recently entered into force, the UK tax authority, HM Revenue and Customs, has announced.

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Vodafone Ordered To Pay Deposit By Indian Court 17/11/2010
After agreeing to hear an appeal in February 2011, the Indian Supreme Court has requested a deposit of INR25bn (USD552m) from the Vodafone Group Dutch holding company within three weeks and a bank guarantee of INR85bn within two months. In the meantime the tax authorities are restrained from enforcing their tax claim against Vodafone.

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Colombia, Portugal Sign DTA 6/9/2010
A double taxation agreement signed between Colombia and Portugal adds to those already concluded by Colombia with Spain, Switzerland, Chile, Canada, Mexico and South Korea.

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Japan, Cayman Islands Initial Tax Agreement 28/5/2010
The governments of Japan and the Cayman Islands have initialled a comprehensive double tax agreement with provisions to allow for the exchange of tax information in civil and criminal tax matters, in line with the jurisdiction’s commitment to improve transparency with third nations.

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Chile Plans More Tax Agreements 30/4/2010
Chilean finance minister, Felipe Larraín, has announced that the government had begun negotiation of Tax Information Exchange Agreements with a series of low-tax jurisdictions as a way of combating tax evasion.

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NZ Emissions 'Tax' Attacked 15/3/2010
The ACT New Zealand Party, a member of the country’s present coalition government, has continued its opposition to New Zealand’s new carbon emissions trading scheme, calling it a tax that will increase inflation in the economy.

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Hong Kong Property Taxes Reviewed 16/3/2010
Hong Kong’s Financial Secretary, John C Tsang, made the traditional post-budget speech at the Joint Business Community Luncheon on March 12 and, in particular, reviewed the tax measures taken to increase the transaction cost of property speculation so as to reduce the risk of a property bubble being created.

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Malaysia Not Cancelling GST 12/3/2010
After a government meeting, Malaysia’s Second Finance Minister, Datuk Seri Ahmad Husni Hanadzlah, has rejected any suggestion that the proposed introduction of a goods and services tax has been cancelled.

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Australia Promised Full Debate On Tax Review 15/3/2010
Following indications that the Australian government was thinking of a delay to the release of the Henry tax review, the Treasurer, Wayne Swan, has now confirmed that it will be issued in good time for a full debate on any proposed tax changes.

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Orascom Loses Algerian Tax Appeal 12/3/2010
Egyptian telecom company, Orascom Telecom, has announced that its Algerian subsidiary, Orascom Telecom Algérie, has received a rejection to its appeal, made in December last year, against the notice for taxes and penalties it had received from the Algerian tax authorities the month previously.

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Switzerland, Slovakia Initial Revised DTA 12/3/2010
It has recently emerged that Switzerland and Slovakia have initialled a revised bilateral double taxation agreement, containing the Organization for Economic Cooperation and Development’s standard on tax information exchange.

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UK Budget To Hit The Rich 12/3/2010
Wealthy individuals may have less than two weeks to put plans in place to reduce the tax impact of the Chancellor’s pre-election Budget, warns PKF Accountants and business advisers.

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Germany Approves Liechtenstein TIEA 15/3/2010
Germany’s Cabinet has recently approved a bill pertaining to the bilateral tax information exchange agreement with Liechtenstein.

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UAE Completes VAT Study 12/3/2010
Authorities in the United Arab Emirates are inching closer to the introduction of a value-added tax.

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IRS Offers Help To Struggling Taxpayers 14/3/2010
The US Internal Revenue Service has announced several additional steps it is taking this tax season to help people having difficulties meeting their tax obligations because of unemployment or other financial problems.

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Baucus Seeks Trade Preference Reform 15/3/2010
Senate Finance Committee Chairman Max Baucus is leading efforts for reform of US trade preference programs accorded to developing countries.

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Jersey Riding Out Onshore Storm 15/3/2010
Jersey will overcome the evolving challenges being faced by offshore international financial centres, Geoff Cook, Chief Executive of Jersey Finance, told participants at a Breakfast Briefing in London.

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OECD Urges Fiscal Policy Shift 12/3/2010
Governments must now gear their economies towards jobs, international competitiveness and increasing the tax-take, the Organization for Economic Cooperation and Development has said in its latest ‘Going for Growth’ report, analyzing the next step for recovering economies.

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BVI To Review Taxes And Fees 15/3/2010
British Virgin Islands Prime Minister, Ralph O’Neal has said that the territory will run a budget surplus during 2010, although the government still intends to review indirect taxes and fees on financial services.

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Bahrain And UK Sign DTA 11/3/2010
The Kingdom of Bahrain’s Minister of Finance, Shaikh Ahmed bin Mohammed Al Khalifa, and UK ambassador, Jamie Bowden, signed a comprehensive double taxation agreement between the two countries in Manama on March 10.

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Australia And Chile Sign DTA 11/3/2010
Australia’s Assistant Treasurer, Nick Sherry, has announced that Australia and Chile have signed a comprehensive bilateral double taxation agreement – the second such agreement between Australia and a South American country.

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Swiss-German Tax Talks Resume 12/3/2010
During a recent visit to Berlin, Switzerland’s State Secretary Michael Ambühl, Head of the State Secretariat for International Financial Matters in the Federal Department of Finance, met with representatives of Germany's Federal Ministry of Finance and Federal Chancellery to exchange ideas on current financial and tax policy issues.

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