A look at some of the top stories from the Caribbean and Latin America this week...
The Cayman Islands government has released revised guidance on the economic substance requirements applying to entities in the jurisdiction.
The Bill introduces the following new provisions:
- A general anti avoidance rule
- The ability for the Tax Information Authority (TIA) to impose a fine where a relevant entity that is required to satisfy the economic substance test fails to prepare and submit to the TIA its annual report within the specified time - the proposed penalty is CI$5,000 with an additi...
