The Cayman Islands government has extended comprehensive tax information assistance to seven countries under provisions in the Tax Information Authority Law.
The seven countries now able to request tax information from the Cayman Islands under this unilateral mechanism include Germany, Austria, Belgium, the Czech Republic, Luxembourg, the Slovak Republic and Switzerland. Requests can be made in relation to both civil or administrative and criminal tax matters.
The Cayman Islands was one of the first jurisdictions to commit to OECD standards for transparency and exchange of information in tax matters.