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The Cayman Islands and the United States Sign FATCA Agreement

On 29 November 2013 in London, the Cayman Islands and the United States governments entered into an agreement which paves the way for the automatic exchange of tax information under the US Foreign Account Tax Compliance Act (“FATCA”).

In addition to signing the agreement, the two governments also signed a new tax exchange agreement (“TIEA”) which replaces the original TIEA signed in 2001. The new TIEA provides the mechanisms by which tax information will be automatically exchanged between the two countries.

 

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The Cayman Islands and the United States Sign FATCA Agreement

 


Christopher W.H. Bickley
Partner, Head of Hong Kong Office

Hong Kong   +852 2842 9556
Mobile  +852 6469 3356


Alan Dickson
Partner

Cayman Islands   +1 345 814 7790


Richard D. Fear
Partner

Cayman Islands   + 1 345 814 7759


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