On 8 March 2018, officials from the Cayman Islands and Guernsey signed a non-reciprocal bilateral competent authority agreement on the exchange of Country-by-Country (CbC) reports. The agreement comes into effect on the date of the later of the notifications provided by each competent authority that its jurisdiction has the necessary laws in place to require reporting entities to file a CbC report (both already have CbC reporting requirements in place).
The agreement provides that pursuant …