Reporting of Savings Income Information

The Cayman Islands has entered into bilateral agreements with each of the Member States of the European Union in relation to the reporting of savings income information. To effect the implementation of these agreements the Reporting of Savings Income Information (European Union) Law (the ROSII Law), came into force on 1 July 2005 and is supported by detailed regulations which were made on 23 August 2005.

The Tax Information Authority is the Cayman Islands competent authority for the purposes of these savings income information reporting requirements. It is responsible for receiving the prescribed information from local organizations which qualify as “paying agents” and for transmitting that information to its counterpart competent authorities in the EU Member States. Other principal functions of the Tax Information Authority include issuing Tax Residence Certificates and issuing Guidance Notes.

Guidance Notes & Forms

Guidance Notes are issued by the Tax Information Authority for the purpose of giving practical guidance to agents and other persons with respect to any requirements under the ROSII Law and Regulations. Although they are not a legal document and do not have the same formal status as the ROSII Law or Regulations, the Guidance Notes complement the legislation and provide practical assistance to those who fall within the scope of the reporting requirements. The Guidance Notes are currently in version 2.0 (issued in November 2006) and are accompanied by an Explanatory Memorandum.

Savings Income Reports are required to be made in a format prescribed by the regulations. Standard forms (schedules) and instructions for completion of the forms are provided by the Department for International Tax Cooperation.

Downloads

 

Statistics

 

Reporting of Savings Income Information
(European Union) Law (2014 Revision)

Reporting of Savings Income Information
(European Union) Regulations, 2005

Guidance Notes on the Reporting of
Savings Income Information Requirements
in the Cayman Islands (Version 2.0)

Explanatory Memorandum for Version 2.0
of the Guidance Notes

Savings Income Report – Schedule 2

Savings Income Report – Schedule 3

Notes on the Completion
of Savings Income Reports

Tax Residence Certificate Application Form

Reporting of Savings Income Information 2013 Statistics - European Union

Reporting of Savings Income Information 2012 Statistics - European Union

Reporting of Savings Income Information 2011 Statistics - European Union

Reporting of Savings Income Information 2010 Statistics - European Union

Reporting of Savings Income Information 2009 Statistics - European Union

Reporting of Savings Income Information 2008 Statistics - European Union

Reporting of Savings Income Information 2007 Statistics-European Union

Reporting of Savings Income Information 2005 & 2006 Statistics-European Union

 

 

 

© 2015 Department for International Tax Cooperation, Cayman Islands Government