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  3. Cayman Islands publishes new CRS lists

Cayman Islands publishes new CRS lists

07 May 2024
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On April 24, 2024, the Cayman Islands Department for International Tax Cooperation released the latest Common Reporting Standard (CRS) lists, marking a significant update in international tax compliance. This update, published in the Official Gazette on April 12, 2023, includes notable changes to both participating and reportable jurisdictions.

Four new additions - Georgia, Kenya, Moldova, and Ukraine - have been included in the list of Reportable Jurisdictions for reports due from 2024 onwards. This expansion reflects the ongoing commitment of the Cayman Islands to transparency and cooperation in global tax matters.

Additionally, the recent update sees the removal of ten jurisdictions from the list of Participating Jurisdictions: Georgia, Gibraltar, Kazakhstan, Liberia, Moldova, Montenegro, Morocco, Qatar, Uganda, and Ukraine.

We are here to help ensure compliance with evolving global standards and regulations in the Cayman Islands and beyond. If you have any questions, please reach out to one of our key contacts or contact us at AEOIOperations@harneys.com.