On 10 September 2015 Cayman Islands and Isle of Man signed a Tax Information Exchange Agreement (TIEA).
The agreement was signed by Hon. G. Wayne Panton MLA, the Cayman Islands' Minister for Financial Services, Commerce & Environment, in George Town, Grand Cayman on 10 September 2015 and by the Isle of Man's Treasury Minister, Hon. Eddie Teare MHK in Douglas on 22 September 2015, and exchanged by post.
The agreement will enter into force on the 30th day after each country gives notice to the other in writing of the completion of the procedures required by the law for the agreement to enter into force.
The Minister Teare commented on the signing of the TIEA, saying that "The Isle of Man Government welcomes the signing of this TIEA, which expands our extensive network of tax co-operation agreements around the world. The Cayman Islands and the Isle of Man are both committed to the early adoption of the global Common Reporting Standard of automatic exchange of financial account information, and this TIEA will support the first such exchange between us in 2017.”
The text of the agreement can be viewed at the following link:
http://www.gov.im/categories/tax-vat-and-your-money/income-tax-and-national-insurance/international-agreements/
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