Every Cayman Reporting Financial Institution (RFI) must appoint a Principal Point of Contact (PPoC) to represent the institution in communications with the Tax Information Authority (TIA). The PPoC is responsible for registering the FI on the DITC Portal, managing portal user access, and ensuring timely filing. RFIs may also designate a Secondary Point of Contact (SPoC) to assist with portal activities.
FIs must maintain accurate PPoC details on the DITC Portal. In cases of liquidation, merger, or classification changes, FIs must submit formal deactivation requests with supporting evidence. Failing to maintain a valid PPoC or register by the deadline carries severe administrative penalties (up to $20,000).
