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The Cayman Department for International Tax Cooperation (DITC) recently advised industry participants of the following:

Reportable jurisdiction update

The below is the list of jurisdictions to be treated as Reportable Jurisdictions for the purposes of the Common Reporting Standard contained in Schedule 1 of those regulations. This notice supersedes the notice published by Extraordinary Gazette No. 49/2017 dated Wednesday, 14 June 2017.

Azerbaijan and Pakistan will be Reportable Jurisdictions for reports due in 2018 onwards and Kuwait has been removed as a Reportable Jurisdiction for reports due in 2018 onwards.

*For reports due in 2017 and 2018 onwards please consult the flyer by clicking here.

*Updated 3 January 2018 Issued by: Tax Information Authority Department for International Tax Cooperation, Government Administration Building, Box 135
133 Elgin Avenue, Grand Cayman KY1- 9000, Cayman Islands |

1 Reference to an Account Holder means anyone who holds a debt or equity interest in an Investment Entity as defined in the Cayman Islands FATCA and CRS legislations.
2 Controlling Person has the definition prescribed to it in the Cayman Islands FATCA and CRS legislations

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