This post summarises the key developments arising from the DITC's Industry Advisories of 31 March 2026 and 21 January 2026.

• Participating Jurisdictions: Rwanda and Uganda added.
• Reportable Jurisdictions (2026 onwards):
• Reportable Jurisdictions (2027 onwards): Mongolia, Papua New Guinea, Paraguay.
• Reportable Jurisdictions (2028 onwards): Fiji, Tunisia, Zambia.

Cayman Financial Institutions (FIs) should update due diligence and self-certification procedures to capture account holders tax-resident in these newly reportable jurisdictions.

• CRS/FATCA Reporting: 31 July 2026
• CRS Compliance Form: 15 September 2026

The Tax Information Authority has extended the deadline for submission of (i) the appointment of a PPoC and (ii) the date on which the FI became an FI, to 31 January 2027.

This extension applies to all Cayman FIs, not solely newly registered entities. All other registration obligations for FIs that became an FI in 2025 were due by 30 April 2026.

The PPoC must be located in the Cayman Islands, meaning a natural person with a physical address in the Cayman Islands, or a legal person incorporated/registered/established in the Cayman Islands maintaining a physical (not merely mailing) address.

The PPoC local-nexus obligation represents a new substantive compliance requirement under the Amended CRS; FIs should ensure operational readiness well ahead of the 31 January 2027 deadline.

Updated self-certification forms (effective 1 January 2026) and the CRS Guidelines (2026 Amendment Edition) remain forthcoming and FIs should monitor the DITC Portal.

DITC’s press release can be found here. The CRS Participating Jurisdictions and CRS Reportable Jurisdictions can be accessed here (pages 71 – 74).

Our blog post on the deadline extension for PPoC can be found here.