The Cayman Islands has published the Tax Information Authority (International Tax Compliance) (Country-by-Country Reporting) Regulations 2017, which were made 15 December 2017. Main points of the regulations include:
- The CbC reporting requirements are effective for reporting fiscal years of MNE groups beginning on or after 1 January 2016;
- The reporting threshold is USD 850 million consolidated group revenue in the previous fiscal year;
- Ultimate and surrogate parent entities resident in the …