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On 27 November 2025, the Cayman Islands released the Tax Information Authority (International Tax Compliance) (Common Reporting Standard) (Amendment) Regulations, 2025. It will take effect on 1 January 2026, with certain requirements becoming effective from 1 January 2027.
Key Changes
Accelerated Financial Institution (“FI“) registration
FIs commencing relevant activities from 2026 must complete Tax Information Authority (“TIA“) registration by 31 January of the following year. A transitional deadline of 30 April 2026 applies to FIs that begin activities during 2025, ensuringall entities are captured under the updated regime.
Mandatory change notifications
FIs are now required to notify the TIA of any changes to their registration details such as entityinformation, contacts, classifications or Principal Point of Contact (“PPOC”) details within 30 days. Thissupports real time accuracy of the TIA’s records.
Earlier filing deadlines
Beginning with the 2026 reporting period, both the CRS Return and the CRS Compliance Formaredue on 30 June 2027, several weeks earlier than previous deadlines.
Cayman based PPOC requirement
Every FI must appoint a PPOC who is physically resident in the Cayman Islands. This ensureslocal oversight and more efficient communication with the TIA. Existing FIs have until 31 January 2027 to update their PPOC appointment and submit the changeform.
Immediate penalties
The TIA may now apply automatic penalties for late CRS Returns or CRS Compliance Formfilingswithout issuing a prior breach notice, reflecting a move towards stricter enforcement.
Our team has comprehensive experience supporting entities with their Cayman Islands international taxcompliance obligations, including CRS registration, filings, and ongoing administrative requirements.Please contact us below, if you require any assistance.
