August 31, 2017

The Cayman Islands issued a reminder to Financial Institutions that the deadline for the submission of US FATCA and CRS reports and CRS Filing Declarations is today August 31, 2017.


Although the deadline for registration was July 31, 2017 and the deadline for registrat...

August 17, 2017

Reporting is almost over and you can take a breath.  You followed FATCA, IGA, CDOT and CRS requirements in your reporting and due diligence.  But did you document these processes?  If not, you may still be subject to penalties.


FATCA, CDOT and CRS each seeks...

August 15, 2017

The British Virgin Islands tax authority announced that it has extended the deadline for UK FATCA/CDOT and Common Reporting Standard (CRS) reporting to September 1, 2017.


This extension applies to UK FATCA/CDOT and CRS.  The extension does not apply to FATCA.
 

For addi...

August 1, 2017

The Cayman Islands announced yesterday that its AEOI portal will continue to accept Financial Institution (FI) registrations and variations to existing FI registrations until August 31, 2017.

 
The Department for International Tax Cooperation (DITC) warned that it is po...

August 1, 2017

A Foreign Financial Institution (FFI) that seeks to renew its FFI agreement must do so prior to October 24, 2017.  The deadline had previously been July 31, 2017.


The effective date of an FFI Agreement is the date on which the IRS issues a Global Intermediary Identific...

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