Tax Information Authority (Amendment) Bill, 2026

Government bill, sponsored by the Ministry of Financial Services and Commerce

✓
Gazetted
Published in the Gazette
2
Introduced
Awaiting first reading
3
Passed
Awaiting vote
4
Enacted
5
In force

What this bill does

This bill amends the Tax Information Authority Act so that the Tax Information Authority can enter into formal agreements (memoranda of understanding) to share information with nine named Cayman Islands government bodies, such as the police, anti-corruption commission, and financial intelligence unit. It also lets Cabinet add other domestic bodies by order, as long as sharing is necessary for their functions.

  • Adds a new function to the Tax Information Authority allowing it to sign information-sharing agreements with nine named domestic bodies, including the Anti-Corruption Commission, Monetary Authority, Customs and Border Control, Director of Public Prosecutions, Financial Reporting Authority, Registrars of Companies and Lands, and the Royal Cayman Islands Police Service.
  • Allows Cabinet, by order, to specify additional domestic persons the Authority may share information with.
  • Limits sharing to cases where it is necessary for the discharge of the Authority's or the recipient's functions.
  • Makes a minor housekeeping change renaming the section heading of section 2 to 'Interpretation'.

Who it affects: Tax Information Authority, Named government agencies (anti-corruption, financial regulators, police, customs, registries), Taxpayers and individuals whose tax information may be shared, Businesses and companies subject to tax information requests

This summary is AI-generated from the official document and may contain errors; it is not legal advice. Always consult the source text below.

Official documents

Tracked automatically by the Daily.ky Legislative Tracker from parliament.ky, legislation.gov.ky, and the Cayman Islands Gazette. Status updates daily; this page's status banner refreshes live.