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 .

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...

The Bahamas Competent Authority (CA) issued a Notice of Enforcement of Penalties for Late Filing of Information Returns on January 7, 2026. The CA noted that there has been a continuing problem with late filings. Although the CA may have been flexible in previous years, it intends to impose penalties going forward. Late Filing Penalty Notice “Where a Financial Institutions receives a notice indicating that a filing is late and that a penalty is payable, the entity is required

The Bahamas Competent Authority announced the FATCA and Common Reporting Standard (CRS) portal will open for FATCA and CRS registration and reporting submissions on Wednesday, October 1, 2025 at 9 AM ET. 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 helpdesk@taxreporting.finance.gov.bs or information@taxreporting.finance.gov.bs . The portal will reopen for Y2025 FATCA

On July 14, 2025, the Bahamas Competent Authority posted that effective immediately, Reporting Financial Institutions are required to report Undocumented Accounts. The document outlines special procedures that a Reporting FI must take when it is unable to obtain information from a Preexisting Individual Account Holder in order establish her tax residence.  This link will take you to the document issued by the Bahamas:  https://taxreporting.finance.gov.bs/wp-content/uploads/20

On June 4, 2024, the Bahamas Competent Authority posted the updated Common Reporting Standard (CRS) activation list for Y2024 reporting. The list includes 71 jurisdictions with Andorra and Aruba being added. The Bahamas will open for FATCA and CRS registration and submissions on Monday, July 14, 2025  at 9 AM ET. The portal will close on Friday, August 22, 2025 at 5PM ET. Once the portal closes, Financial Institutions can contact the Bahamas Competent Authority at helpdesk@t

The Bahamas Competent Authority announced the FATCA and Common Reporting Standard (CRS) portal will remain open an additional month for FATCA and CRS registration and reporting submissions. Instead of closing on Friday, January 31, 2025 at 5PM ET, the portal will close on Friday, February 28, 2025 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.go

The Bahamas Competent Authority announced the FATCA and Common Reporting Standard (CRS) portal will open for FATCA and CRS registration and reporting submissions on Friday, October 4, 2024 at 9 AM ET. The portal will close on Friday, January 31, 2025 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 assistance, please contact me via my

On June 25, 2024, the Bahamas Competent Authority posted the updated Common Reporting Standard (CRS) activation list for Y2023 reporting. The list includes 69 jurisdictions. The Bahamas will open for FATCA and CRS registration and submissions on Monday, July 8, 2024  at 9 AM ET. The portal will close on Friday, August 23, 2024 at 5PM ET. Once the portal closes, Financial Institutions can contact the Bahamas Competent Authority at helpdesk@taxreporting.finance.gov.bs or...

BVI Posted CRS Video The British Virgin Islands International Tax Authority (BVI ITA) posted the video from its live February 2024 program for investment entities subject to the Common Reporting Standard (CRS). The almost 2-hour video covers CRS due diligence procedures and reporting trust accounts, CRS filing requirements, CRS financial institution deactivation, and the BVIFARS payment portal. To watch on the BVI ITA website: https://bviita.vg/library/webinar/ Bahamas Announ

The Bahamas Competent Authority announced the FATCA and Common Reporting Standard (CRS) portal will open for FATCA and CRS registration and submissions on Tuesday, October 10, 2023 at 9 AM ET. The portal will close on Wednesday, December 6, 2023 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 . The Bahamas also issued a CRS Activation List.

The Bahamas Competent Authority announced the FATCA and Common Reporting Standard (CRS) portal will open for FATCA and CRS registration and submissions on Friday, July 14 , 2023 at 9 AM ET. The portal will close on Friday, August 25, 2023 at 5PM ET. Financial Institutions (FIs) with FATCA and CRS reporting obligations that miss the August 25, 2023 portal deadline will need to contact the Bahamas Competent Authority at helpdesk@taxreporting.finance.gov.bs or information@taxr

The Bahamas Competent Authority announced the FATCA and Common Reporting Standard (CRS) portal will open for FATCA and CRS registration and submissions on Tuesday, November 1, 2022 at 9 AM EST. The portal will close on Friday, November 25, 2022 at 5PM EST. This is a good opportunity for Financial Institutions (FIs) with FATCA and CRS reporting obligations that missed the August 26, 2022 portal deadline and for updating any changes related to internal staffing. Once the port

The Bahamas Competent Authority posted the Updated CRS-AEOI Partner List Effective June 27, 2022. With the deletion of Costa Rica and the addition of Curacao, Ecuador, and Peru, the Bahamas’ Common Reporting Standard (CRS) exchange partner list now includes 67 jurisdictions. The Bahamas FATCA/CRS portal will open for FATCA and CRS registration and submissions on Monday, July 18, 2022 at 9 AM EDT. The portal will close on Friday, August 26, 2022 at 5PM EDT. Financial Instituti

The Bahamas Competent Authority announced the FATCA and Common Reporting Standard (CRS) portal will open for FATCA and CRS registration and submissions on Monday, July 18, 2022 at 9 AM EDT. The portal will close on Friday, August 26, 2022 at 5PM EDT. Financial Institutions (FIs) with FATCA and CRS reporting obligations that miss the August 26, 2022 portal deadline will need to contact the Bahamas Competent Authority at helpdesk@taxreporting.finance.gov.bs or information@tax

The Bahamas Competent Authority announced the FATCA and Common Reporting Standard (CRS) portal is now open for FATCA and CRS registration and submissions. Additionally, Financial Institutions (FIs) are able to submit corrections to previous filings for non-U.S. tax identification numbers (TINs). To access the portal, click here . The portal will close on Friday, January 14, 2022 at 5 PM EST. After the portal closes, FIs with FATCA or CRS reporting obligations should contact t

The Bahamas Competent Authority posted the “Updated CRS-AEOI Partner List As At November 11, 2021.” With the addition of South Korea, the Bahamas’ Common Reporting Standard (CRS) exchange partner list now includes 65 jurisdictions. The Bahamas FATCA/CRS portal closed on August 27, 2021 at the conclusion of the FATCA/CRS reporting season. If a Financial Institution has questions regarding reporting, registration, or other portal related questions, it should contact the Bahamas

On July 27, 2021, the Bahamas Competent Authority posted the “Updated CRS-AEOI Partner List As At July 26th 2021.” This Common Reporting Standard (CRS) exchange partner list includes 64 jurisdictions. The Bahamas FATCA/CRS portal opened for registration and reporting on Monday, July 19, 2021 and will close on Friday, August 27, 2021 at 5 PM EDT. As we have seen in past years, the Bahamas Competent Authority is prompt in closing its portal so ensure you complete your reportin

The Bahamas FATCA/CRS portal will open for registration and reporting on Monday, July 19, 2021 at 9 AM EDT. The portal will close for 2021 on Friday, August 27, 2021 at 5 PM EDT. As we have seen in past years, the Bahamas Competent Authority is prompt in closing its portal so ensure you complete your reporting well in advance. For assistance, please contact me via my contact page or at elizabeth@elizabethmcmorrowlaw.com .

The Bahamas Competent Authority has announced an additional extension to FATCA/CRS reporting. Instead of closing the portal on September 30, 2020, the portal will now close on Friday, October 2, 2020 at 5 PM EDT. As we have seen in past years, the Bahamas Competent Authority is prompt in closing its portal so ensure you complete your reporting well in advance. For assistance, please contact me via my contact page or at elizabeth@elizabethmcmorrowlaw.com .