• Service: Tax, Financial Services
  • Industry: Financial Services, Banking
  • Type: Newsletters
  • Date: 3/20/2013


Gerard Laures


Tel. +352 22 51 51 5549


Claude Poncelet


Tel. +352 22 51 51 5567


Frank Stoltz


Tel. +352 22 51 51 5520

FATCA e-alert - Issue 2013-06 

March 2013

Cayman Islands adopt Model 1 Intergovernmental Agreement


The government of the Cayman Islands announced that it would adopt a Model 1 intergovernmental agreement (IGA) in response to the U.S. Foreign Account Tax Compliance Act (FATCA).


According to the Cayman Islands' government release (15 March 2013), the Minister for Financial Services made the announcement from the floor of the Legislative Assembly, and also said that a similar arrangement for the automatic exchange of certain information with the United Kingdom will apply.


Read text of the Model 1 IGA on the U.S. Treasury Department website.


For further information, please do not hesitate to contact us. 







Any tax advice in this communication is not intended or written by KPMG to be used, and cannot be used, by a client or any other person or entity for the purpose of (i) avoiding penalties that may be imposed on any taxpayer or (ii) promoting, marketing, or recommending to another party any matters addressed herein.

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.




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