On May 6, 2026, the Bahamas Competent Authority announced the FATCA deadline: June 30. The portal is currently open and will close on August 31, 2026 at 5PM ET. Once the portal closes, Financial Institutions can contact the Bahamas Competent Authority at helpdesk@taxreporting.finance.gov.bs or information@taxreporting.finance.gov.bs. For those counting, this makes 6 announcements this year. For assistance, please contact me via my contact page or at elizabeth@elizabethmcmorro

On May 6, 2026, the United Kingdom HM Revenue & Customs (UK HMRC) added a “Deregistration” section to its International Exchange of Information Manual. The new section covers two topics: Deregistering as a User from the Reporting Service and Deregistering a Platform Operator. User Deregistration It is not possible to deregister as a user from the reporting service. Platform Operator Deregistration It is possible for a platform operator to be deregistered from the reporting se

The U.S. Internal Revenue Service (IRS) system “Filing Information Returns Electronically” (FIRE) is being replaced by “Information Returns Intake System” (IRIS) in 2027. A new type of Global Intermediary Identification Number (GIIN) will be used to solve the issue faced by certain foreign filers who may be unable to obtain a Social Security Number (SSN) or Individual Tax Identification Number (ITIN) for their authorized users. The lack of an SSN or ITIN would result in the a

On April 29, 2026, the United Kingdom HM Revenue & Customs (UK HMRC) published updates to its International Exchange of Information Manual. The updates include information related to partnerships, specified electronic money products (SEMPs), CRS reportable jurisdictions, and compliance penalties. Partnerships HMRC clarified that a UK Financial Institution (FI) includes an FI that is a Limited Partnership formed in the UK or a Limited Liability Partnership incorporated in the

On April 21, 2026, the Bahamas Competent Authority posted another CRS announcement with additional AEOI amendment information: Portal registration requirements and deadlines apply to both Reporting Financial Institutions (FIs) and Non Reporting FIs. Failure to register may result in a fine of up to $100,000 (Bahamian dollars are one to one with U.S. dollars). The Bahamas authority is to be notified within 90 days of an FI’s cessation for purposes of deregistration from the AE

On April 14, 2026, the Bahamas Competent Authority announced AEOI amendments and key AEOI dates for 2026. The portal is currently open and will close on August 31, 2026 at 5PM ET. Once the portal closes, Financial Institutions can contact the Bahamas Competent Authority at helpdesk@taxreporting.finance.gov.bs or information@taxreporting.finance.gov.bs . Click to read the Bahamas announcement . For assistance, please contact me via my contact page or at elizabeth@elizabethmc

On March 31, 2026, the Cayman Islands Department for International Tax Cooperation (DITC) announced the FATCA and Common Reporting Standard (CRS) deadlines and the publication of CRS Participating and Reportable Jurisdictions. Reporting Deadlines CRS Reportable Jurisdictions The Cayman Islands published an updated list of CRS Reportable Jurisdictions on March 30, 2026. Cameroon has been added to the Y2025 Reportable Jurisdiction list. The complete list for Y2025 reporting is

The Bahamas has updated its International Tax Information Exchange page to indicate the FATCA / CRS portal will close on August 31, 2026 at 5PM. Previously, the site stated the portal would close on Tuesday, March 31, 2026 and reopen for Y2025 FATCA and CRS reporting in July 2026. For assistance, please contact me via my contact page or at elizabeth@elizabethmcmorrowlaw.com .

The Cayman Islands announced through a March 25, 2026 Industry Advisory that it is extending the deadline by which Cayman Reporting Crypto-Asset Service Providers (RCASPs) must register under the Crypto-Asset Reporting Framework (CARF). New Registration Deadline The deadline was April 30, 2026 and the new deadline is January 31, 2027. The extension is necessary to allow the Cayman Islands Department for International Tax Cooperation (DITC) time to build functionality in the e

On March 12, 2026, the Bahamas Competent Authority issued the updated Common Reporting Standard (CRS) activation list for Y2025 reporting. The list includes 73 jurisdictions with Rwanda and Uganda being added. The FATCA and CRS portal is currently open for FATCA and CRS registration and pre-Y2025 reporting submissions. The portal will close on Tuesday, March 31, 2026 at 5PM ET. Once the portal closes, Financial Institutions can contact the Bahamas Competent Authority at...

On March 10, 2026, the Guernsey Revenue Service published a bulletin (2026/02) providing the FATCA and Common Reporting Standard (CRS) reporting deadlines and outlining the penalties associated with late reporting. Deadlines FATCA and CRS reporting for Y2025 data is due on or before Tuesday, June 30, 2026. There is a delay of potentially weeks between an entity registering in the U.S. Internal Revenue Service (IRS) FATCA portal and the entity appearing on the IRS FFI List . T

I enjoyed chatting with Mishkin Santa of The Wolf Group on his podcast The Essential Tax Podcast. We covered a range of subjects related to FATCA, CRS & CARF. Check out the episode on any of the following platforms: Apple Podcasts Spotify Podcasts Amazon Podcasts iHeart Radio Podcasts YouTube Video For assistance, please contact me via my contact page or at elizabeth@elizabethmcmorrowlaw.com .

On February 9, 2026, the Mauritius Revenue Authority (MRA) posted three communiques related to the Common Reporting Standard (CRS). Day 1 Self-Certifications The MRA announced stronger requirements related to the collection of customer / investor self-certifications. Self-certifications are required to be collected from all new individual and entity account holders as well as from controlling persons of Passive Non-Financial Entities (NFE). Previously, a Financial Institution

Switzerland Delays Model 1 IGA On June 27, 2024, the U.S. and Switzerland signed a new FATCA agreement changing Switzerland from a Model 2 Intergovernmental Agreement (IGA) jurisdiction to Model 1 IGA jurisdiction starting in 2027. However, on January 26, 2026, Switzerland’s State Secretariat for International Finance SIF announced that the earliest entry into force of the U.S.-Switzerland Model 1 IGA is scheduled for January 1, 2028. Model 2 IGA The U.S.-Switzerland Model 2

On January 23, 2026, the Guernsey Revenue Service published a bulletin (2026/01) with a revised list of 111 CRS Reportable Jurisdictions for the Y2025 reporting period. Guernsey removed Tunisia from its list of CRS Reportable Jurisdictions and added Cameroon and Qatar. The deadline for submitting Y2025 CRS reporting in the Guernsey IGOR portal is June 30, 2026. For Y2026 Reportable Jurisdictions (deadline June 30, 2027), Guernsey has provisionally included: Papua New Guinea a