{"kind":"expression","expression":{"expr_id":"2226","doc_id":"2226","label":"Companies Management (Amendment) Law, 2020 (Law 26 of 2020)","is_as_enacted":"f","commenced_on":null,"superseded_on":null,"valid_from":null,"valid_to":null,"is_current":"t","incorporating":null,"akn_expr_iri":"\/akn\/ky\/bill\/2020\/26\/eng@2020-01-01","akn_envelope":"{\"_canary\": {\"iri\": {\"work\": \"\/akn\/ky\/bill\/2020\/26\", \"expression\": \"\/akn\/ky\/bill\/2020\/26\/eng@2020-01-01\", \"manifestation\": \"\/akn\/ky\/bill\/2020\/26\/eng@2020-01-01.pdf\"}, \"pdf\": {\"md5\": \"1cfbfcf402a0ca38dbec81ae927c886a\", \"path\": \"\/Users\/q\/kyleg-data\/working\/BILLS\/2020\/2020-0026\/2020-0026.pdf\", \"pages\": 6, \"filename\": \"2020-0026.pdf\"}, \"errors\": [], \"extraction\": {\"model\": null, \"stats\": {\"word_count\": 714, \"paragraph_count\": 4, \"text_char_count\": 4501}, \"usage\": null, \"method\": \"pymupdf-text\", \"version\": \"kyleg-akn-1.0\", \"extracted_at\": \"2026-06-22\"}, \"classification\": \"text_layer\", \"validation_flags\": [], \"docai_processor_id\": null}, \"akomaNtoso\": {\"act\": null, \"doc\": null, \"bill\": {\"body\": [{\"eId\": \"sec_n1\", \"num\": null, \"text\": \"TAX INFORMATION AUTHORITY (AMENDMENT) BILL, 2020 A BILL FOR A LAW TO AMEND THE TAX INFORMATION AUTHORITY LAW (2017 REVISION) TO PROVIDE FOR THE SHARING OF INFORMATION BY THE AUTHORITY; AND FOR INCIDENTAL AND CONNECTED PURPOSES Introduced PUBLISHING DETAILS Sponsoring Ministry\/Portfolio: Ministry of Financial Services and Home Affairs (FSHA) Tax Information Authority (Amendment) Bill, 2020 Objects and Reasons Introduced Memorandum of OBJECTS AND REASONS This Bill seeks to amend the Tax Information Authority Law (2017 Revision) (\u201cthe Law\u201d) to provide for the sharing of information by the Tax Information Authority. Clause 1 provides the short title of the legislation. Clause 2 amends section 5 of the the Law to provide the Tax Information Authority with the following additional functions \u2014 (a) monitoring compliance with the Law or regulations made under the Law; (b) enforcing the Law or regulations made under the Law and investigating a person where the Authority reasonably believes that the person is or has been in breach of this Law or regulations made under the Law; (c) examining, by way of scrutiny of returns, on-site inspections or audit reports, or in such other manner as the Authority may determine, the affairs or business of any person; (d) collecting, compiling and sharing, in such manner as the Authority shall determine, statistical information; and (e) entering into memoranda of understanding or other arrangements with any Government department or agency, competent authority, regulatory body or supervisory body as the Authority considers appropriate for the discharge or performance of its responsibilities and functions. Clause 3 provides for the insertion of a new section 24A in the Law which creates a summary offence for knowingly or wilfully supplying false or misleading information. The punishment for the offence is a fine of ten thousand dollars or imprisonment for a term of five years, or both. Introduced TAX INFORMATION AUTHORITY (AMENDMENT) BILL, 2020 A BILL FOR A LAW TO AMEND THE TAX INFORMATION AUTHORITY LAW (2017 REVISION) TO PROVIDE FOR THE SHARING OF INFORMATION BY THE AUTHORITY; AND FOR INCIDENTAL AND CONNECTED PURPOSES ENACTED by the Legislature of the Cayman Islands.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_1\", \"num\": \"1.\", \"text\": \"Short title 1. This Law may be cited as the Tax Information Authority (Amendment) Law, 2020.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_2\", \"num\": \"2.\", \"text\": \"Amendment of section 5 of the Tax Information Authority Law (2017 Revision) - functions of the Authority 2. The Tax Information Authority Law (2017 Revision) is amended in section 5(2) as follows \u2014 (a) by deleting the word \u201cand\u201d at the end of paragraph (e); (b) by deleting the full-stop at the end of paragraph (f) and substituting a semi-colon; and (c) by inserting after paragraph (f) the following paragraphs \u2014 \u201c(g) monitoring compliance with this Law or regulations made under this Law; (h) enforcing this Law or regulations made under this Law and investigating a person where the Authority reasonably believes Clause 3 Tax Information Authority (Amendment) Bill, 2020 Introduced that the person is or has been in breach of this Law or regulations made under this Law; (i) examining, by way of scrutiny of returns, on-site inspections or audit reports, or in such other manner as the Authority may determine, the affairs or business of any person; (j) collecting, compiling and sharing, in such manner as the Authority shall determine, statistical information; and (k) entering into memoranda of understanding or other arrangements with any Government department or agency, competent authority, regulatory body or supervisory body as the Authority considers appropriate for the discharge or performance of its responsibilities and functions.\u201d.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_3\", \"num\": \"3.\", \"text\": \"Insertion of section 24A in the Tax Information Authority Law (2017 Revision) - misleading information 3. The Tax Information Authority Law (2017 Revision) is amended by inserting after section 24 the following section \u2014 \u201cMisleading information 24A. (1) A person shall not knowingly or wilfully supply false or misleading information to the Authority under this Law. (2) A person who contravenes subsection (1) commits an offence and is liable on summary conviction to a fine of ten thousand dollars or to imprisonment for a term of five years, or to both.\u201d. Passed by the Legislative Assembly the day of , 2020. Speaker Clerk of the Legislative Assembly\", \"element\": \"section\", \"heading\": null}], \"meta\": {\"notes\": null, \"workflow\": null, \"lifecycle\": {\"source\": \"#cilegis\", \"eventRef\": [{\"eId\": \"e_commence_2020_01_01\", \"date\": \"2020-01-01\", \"type\": \"generation\", \"source\": \"#cilegis\"}]}, \"references\": {\"source\": \"#canary\", \"TLCRole\": [], \"TLCEvent\": [{\"eId\": \"ev_commencement\", \"href\": \"\/akn\/ontology\/canary\/event\/commencement\", \"showAs\": \"commencement\"}], \"TLCPerson\": [], \"TLCConcept\": [{\"eId\": \"inForce\", \"href\": \"\/akn\/ontology\/canary\/concept\/temporal\/in-force\", \"showAs\": \"in force\"}], \"TLCProcess\": [], \"TLCLocation\": [], \"TLCOrganization\": [{\"eId\": \"cilegis\", \"href\": \"\/akn\/ontology\/canary\/organization\/editor\/cilegis\", \"showAs\": \"Cayman Islands legislation mirror (kyleg)\"}]}, \"temporalData\": {\"source\": \"#cilegis\", \"temporalGroup\": [{\"eId\": \"tg_inforce_2020_01_01\", \"timeInterval\": [{\"end\": null, \"start\": \"#e_commence_2020_01_01\", \"duration\": null, \"refersTo\": \"#inForce\"}]}]}, \"classification\": null, \"identification\": {\"source\": \"#cilegis\", \"FRBRWork\": {\"FRBRuri\": \"\/akn\/ky\/bill\/2020\/26\", \"FRBRdate\": [{\"date\": \"2020-01-01\", \"name\": \"generation\"}], \"FRBRthis\": \"\/akn\/ky\/bill\/2020\/26\/!main\", \"FRBRalias\": [{\"name\": \"cmsId\", \"value\": \"2020-0026\"}], \"FRBRauthor\": [{\"as\": \"#editor\", \"href\": \"\/akn\/ontology\/canary\/organization\/editor\/cilegis\"}], \"FRBRnumber\": \"26 of 2020\", \"FRBRcountry\": \"ky\", \"FRBRsubtype\": \"bill\"}, \"FRBRExpression\": {\"FRBRuri\": \"\/akn\/ky\/bill\/2020\/26\/eng@2020-01-01\", \"FRBRdate\": [{\"date\": \"2020-01-01\", \"name\": \"generation\"}], \"FRBRthis\": \"\/akn\/ky\/bill\/2020\/26\/eng@2020-01-01\/!main\", \"FRBRauthor\": [{\"as\": \"#editor\", \"href\": \"\/akn\/ontology\/canary\/organization\/editor\/cilegis\"}], \"FRBRlanguage\": \"eng\"}, \"FRBRManifestation\": {\"FRBRuri\": \"\/akn\/ky\/bill\/2020\/26\/eng@2020-01-01.xml\", \"FRBRdate\": [{\"date\": \"2026-06-22\", \"name\": \"generation\"}], \"FRBRthis\": \"\/akn\/ky\/bill\/2020\/26\/eng@2020-01-01.xml\", \"FRBRauthor\": [{\"as\": \"#editor\", \"href\": \"\/akn\/ontology\/canary\/organization\/editor\/cilegis\"}], \"FRBRformat\": \"application\/xml\"}}}, \"name\": \"bill\", \"header\": {\"title\": \"Companies Management (Amendment) Law, 2020 (Law 26 of 2020)\", \"actNumber\": \"26 of 2020\", \"longTitle\": null}}, \"judgment\": null}}","akn_full_text":"CAYMAN ISLANDS\n\nTAX INFORMATION AUTHORITY\n(AMENDMENT) BILL, 2020\n\nSupplement No. 1 published with Legislation Gazette No. 41 dated 29th May, 2020.\nA BILL FOR A LAW TO AMEND THE TAX INFORMATION AUTHORITY LAW (2017\nREVISION) TO PROVIDE FOR THE SHARING OF INFORMATION BY THE\nAUTHORITY; AND FOR INCIDENTAL AND CONNECTED PURPOSES\u2000\n\nPage 2\n Introduced\nc\n\nPUBLISHING DETAILS\nSponsoring Ministry\/Portfolio: Ministry of Financial Services and Home Affairs\n(FSHA)\n\nTax Information Authority (Amendment) Bill, 2020\nObjects and Reasons\n\nc\n Introduced\nPage 3\n\nMemorandum of\nOBJECTS AND REASONS\nThis Bill seeks to amend the Tax Information Authority Law (2017 Revision) (\u201cthe\nLaw\u201d) to provide for the sharing of information by the Tax Information Authority.\nClause 1 provides the short title of the legislation.\nClause 2 amends section 5 of the the Law to provide the Tax Information Authority with\nthe following additional functions \u2014\n(a)\nmonitoring compliance with the Law or regulations made under the Law;\n(b) enforcing the Law or regulations made under the Law and investigating a\nperson where the Authority reasonably believes that the person is or has\nbeen in breach of this Law or regulations made under the Law;\n(c)\nexamining, by way of scrutiny of returns, on-site inspections or audit\nreports, or in such other manner as the Authority may determine, the\naffairs or business of any person;\n(d) collecting, compiling and sharing, in such manner as the Authority shall\ndetermine, statistical information; and\n(e)\nentering into memoranda of understanding or other arrangements with\nany Government department or agency, competent authority, regulatory\nbody or supervisory body as the Authority considers appropriate for the\ndischarge or performance of its responsibilities and functions.\nClause 3 provides for the insertion of a new section 24A in the Law which creates a\nsummary offence for knowingly or wilfully supplying false or misleading information.\nThe punishment for the offence is a fine of ten thousand dollars or imprisonment for a\nterm of five years, or both.\n\nc\n Introduced\nPage 5\n\nCAYMAN ISLANDS\n\nTAX INFORMATION AUTHORITY\n(AMENDMENT) BILL, 2020\n\nA BILL FOR A LAW TO AMEND THE TAX INFORMATION AUTHORITY LAW (2017\nREVISION) TO PROVIDE FOR THE SHARING OF INFORMATION BY THE\nAUTHORITY; AND FOR INCIDENTAL AND CONNECTED PURPOSES\nENACTED by the Legislature of the Cayman Islands.\n1.\nShort title\n1.\nThis Law may be cited as the Tax Information Authority (Amendment) Law, 2020.\n2.\nAmendment of section 5 of the Tax Information Authority Law (2017\nRevision) - functions of the Authority\n2.\nThe Tax Information Authority Law (2017 Revision) is amended in section 5(2) as\nfollows \u2014\n(a)\nby deleting the word \u201cand\u201d at the end of paragraph (e);\n(b) by deleting the full-stop at the end of paragraph (f) and substituting a\nsemi-colon; and\n(c)\nby inserting after paragraph (f) the following paragraphs \u2014\n\u201c(g) monitoring compliance with this Law or regulations made\nunder this Law;\n(h) enforcing this Law or regulations made under this Law and\ninvestigating a person where the Authority reasonably believes\n\nClause 3\nTax Information Authority (Amendment) Bill, 2020\n\nPage 6\n Introduced\nc\n\nthat the person is or has been in breach of this Law or\nregulations made under this Law;\n(i)\nexamining, by way of scrutiny of returns, on-site inspections\nor audit reports, or in such other manner as the Authority may\ndetermine, the affairs or business of any person;\n(j)\ncollecting, compiling and sharing, in such manner as the\nAuthority shall determine, statistical information; and\n(k) entering into\nmemoranda of understanding or\nother\narrangements with any Government department or agency,\ncompetent authority, regulatory body or supervisory body as\nthe Authority considers appropriate for the discharge or\nperformance of its responsibilities and functions.\u201d.\n3.\nInsertion of section 24A in the Tax Information Authority Law (2017\nRevision) - misleading information\n3.\nThe Tax Information Authority Law (2017 Revision) is amended by inserting after\nsection 24 the following section \u2014\n\u201cMisleading information\n24A. (1) A person shall not knowingly or wilfully supply false or misleading\ninformation to the Authority under this Law.\n(2) A person who contravenes subsection (1) commits an offence and is\nliable on summary conviction to a fine of ten thousand dollars or to\nimprisonment for a term of five years, or to both.\u201d.\nPassed by the Legislative Assembly the\nday of\n, 2020.\nSpeaker\nClerk of the Legislative Assembly","akn_extracted_at":"2026-06-22 15:41:24.343698+00","cms_id":"2020-0026","law_type":"bill","year":"2020","number":"26","title":"Companies Management (Amendment) Law, 2020 (Law 26 of 2020)","status":"bill"},"provenance":{"files":[{"file_id":"7025","expr_id":"2226","kind":"akn_xml","filename":"2020-0026.akn.xml","source_url":null,"storage_path":"\/Users\/q\/kyleg-data\/working\/BILLS\/2020\/2020-0026\/2020-0026.akn.xml","content_md5":"1bba9114563915199f3fb3f38f820263","byte_size":"7298","http_last_modified":null,"fetched_at":"2026-06-22 15:41:24.384675+00"},{"file_id":"4451","expr_id":"2226","kind":"pristine_pdf","filename":"2020-0026.pdf","source_url":"\/cms\/images\/LEGISLATION\/BILLS\/2020\/2020-0026\/2020-0026.pdf","storage_path":"\/Users\/q\/kyleg-data\/pristine\/BILLS\/2020\/2020-0026\/2020-0026.pdf","content_md5":"1cfbfcf402a0ca38dbec81ae927c886a","byte_size":"492698","http_last_modified":null,"fetched_at":"2026-06-16 04:01:11.301932+00"},{"file_id":"4452","expr_id":"2226","kind":"working_pdf","filename":"2020-0026.pdf","source_url":"\/cms\/images\/LEGISLATION\/BILLS\/2020\/2020-0026\/2020-0026.pdf","storage_path":"\/Users\/q\/kyleg-data\/working\/BILLS\/2020\/2020-0026\/2020-0026.pdf","content_md5":"1cfbfcf402a0ca38dbec81ae927c886a","byte_size":"492698","http_last_modified":null,"fetched_at":"2026-06-16 04:01:11.301932+00"}],"paragraph_count":9,"latest_history":null},"quality":{"expr_id":"2226","doc_id":"2226","quality_state":"known_issue","quality_score":"67","needs_human_review":"t","deterministic_categories":"{duplicate_text,page_header_footer_noise,title_mismatch}","llm_categories":"{}","repair_actions":"{collapse_duplicate_text,strip_page_furniture,verify_title_metadata}","finding_severity_counts":"{\"low\": 2, \"high\": 1}","finding_summary":"stored title is not visible in the opening extracted text; repeated line furniture detected: introduced x4","assessed_at":"2026-06-22 15:29:46.301384+00","updated_at":"2026-06-22 15:29:46.301384+00"}}