Cayman Islands: Country by country regulations issued.
The Cayman Islands’ Tax Information Authority (International Tax Compliance) issued Country-By-Country Reporting Regulations on 15 December 2017.
The CBCR Regulations essentially implement in the Cayman Islands the model legislation published pursuant to the OECD’s Base Erosion and Profit Shifting Action 13 Report. Reporting must be made within 12 months after the last day of the reporting fiscal year of the multinational group.
The Tax Information Authority will automatically exchange country-by-country reports prepared by multinational groups in the Cayman Islands with partner jurisdiction competent authorities in all jurisdictions in which the group operates, provided that the jurisdiction is a co-signatory to the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports, or a tax information exchange agreement is in place between the Cayman Islands and each relevant jurisdiction.
See full article by Maples and Calder here.