The Cayman Islands Department for International Tax Cooperation (DITC) has announced guidance on preparations for the launch of its Country-by-Country reporting (CbCR) portal. CbC reporting requirements apply in the Cayman Islands for reporting fiscal years of MNE groups beginning on or after 1 January 2016 ({News-2018-02-02/A/2-previous coverage}).
The main points of the guidance include:
- The process for the submission of notifications on the CbCR portal is a two-part process:
- In Part 1, …