Tax Information Authority Act (2021 Revision)

Document Overview

The primary Cayman Islands Tax Information Authority Act (2021 Revision), which establishes the Tax Information Authority as the competent authority for tax information exchange and defines its powers.

Key Takeaways

• Creates the legal office of the Tax Information Authority (TIA).
• Defines powers to request information, enter agreements, and coordinate with international partners.
• Establishes statutory confidentiality rules and exceptions.

Key Concepts Covered

• Penalties and Enforcement

Deadlines & Timelines Mentioned

• Done at Stockholm this 1st day of April 2009, in duplicate in the English language.
• Done at Berlin this day June 23rd of 2009, in duplicate in the English language.
• DONE at The Hague, this 8th day of July 2009, in duplicate, in the English language.
• DONE at The Hague, this 8th day of July 2009, in duplicate in the English language.
• DONE at Washington, DC this 13th day of August 2009, in duplicate in the English language.
• DONE at Washington, DC, this 30th day of March 2010, in duplicate.
• DONE at Oranjestad, this 9th day of April 2010, and at Grand Cayman, this 20 th of April 2010, in duplicate, in the English language.
• DONE at Oranjestad, this 9 th day of April 2010, and at Grand Cayman, this 20 th of April 2010, in duplicate, in the English language.
• Done at Grand Cayman, on this 13th day of May 2010, in duplicate in the Portuguese and English languages, both texts being equally authentic.
• SIGNED in duplicate at Grand Cayman this 24 day of June 2010, in the English and French languages, each version being equally authentic.
• DONE in duplicate at Grand Cayman this 21st day of March 2011, each in the English and Hindi languages, all texts being equally authentic.
• Done at Guernsey this 29th day of July 2011, in duplicate in the English language.
• Done in duplicate at South Africa this 26 day of October 2012, in th e English and Czech languages, each text being equally authentic.
• Done at London on 3 December, 2012, in two originals, each in the Italian and English languages, both texts being equally authentic.
• 4 Any Party which has made a reservation under paragraphs 1 and 3 may wholly or partly withdraw it by means of a n otification addressed to one of the Depositaries.