The Cayman Islands Department for International Tax Cooperation (DITC) has announced guidance on preparations for the launch of its Country-by-Country reporting (CbCR) portal. CbC reporting requirements apply in the Cayman Islands for reporting fiscal years of MNE groups beginning on or after 1 January 2016 ({News-2018-02-02/A/2-previous coverage}). The main points of the guidance include: The process for the submission of notifications on the CbCR portal is a two-part process: In Part 1, the primary contact must name the MNE group, the ultimate parent, the surrogate parent (if any), provide contact information for the primary contact and the secondary contact, and...