FATCA (But Not CRS) Cayman Deadline Extended to November 16, 2020
The Cayman Islands announced the deadline for Y2019 FATCA reporting has been extended to November 16, 2020. However, the deadline for CRS...
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Elizabeth McMorrow
- Mar 4, 2020
Luxembourg Parliament Reviewing FATCA/CRS Legislation
Luxembourg’s Parliament is currently considering proposed amendments to its existing FATCA and CRS laws. The proposed changes would take...
Elizabeth McMorrow
- Mar 3, 2020
FATCA & CRS: Cayman Deadline Extended to September 18, 2020
The Cayman Islands announced today that the deadline for Y2019 FATCA/CRS reporting has been extended to September 18, 2020 and the annual...
Elizabeth A. McMorrow
- Jan 11, 2020
FATCA/CRS: Caymans Announces New Portal under Development
Previously, the Cayman Islands stated that its FATCA/CRS AEOI portal was offline for maintenance. [See my August 31, 2019 blog post:...
Elizabeth A. McMorrow
- Dec 20, 2019
Perplexing Risk Rankings
Whether it’s assessing a new foreign grantor trust client, setting up a new foreign biotech manufacturing plant or soliciting funds for a...
Elizabeth A. McMorrow
- Nov 22, 2019
Is BVI Ramping up for FATCA & CRS Examinations?
This week the British Virgin Islands (BVI) International Tax Authority (ITA) demonstrated its commitment to FATCA and CRS examinations by...
Elizabeth A. McMorrow
- Aug 31, 2019
FATCA & CRS: Cayman Portal Closed
The Cayman Islands Department for International Tax Cooperation (DITC) announced Friday that its AEOI portal is offline to facilitate the...
Elizabeth A. McMorrow
- Jul 17, 2019
CRS: Questionable Residence Alarm Bells
You received a self-certification from a new client that looks reasonable on its face but is it? Have you considered whether the client...
Elizabeth A. McMorrow
- Jun 24, 2019
BVI Deadline Extended to July 31, 2019
The British Virgin Islands (BVI) tax authority issued a notice on Friday, June 21, 2019 alerting filers that the deadline for both FATCA...
Elizabeth A. McMorrow
- Jun 17, 2019
FATCA & CRS: New Cayman Industry Advisory
The Cayman Islands AEOI Portal is currently online and open for notifications and reporting for all years. The deadline for both CRS and...
Elizabeth A. McMorrow
- Jun 14, 2019
Bahamas Open for Submissions on Monday
The Bahamas Competent Authority announced that its automatic exchange of information (AEOI) portal will open for FACTA and CRS-AEOI...
Elizabeth A. McMorrow
- May 26, 2019
CRS: Bahamas Issues Updated Jurisdiction List
On May 25, 2019, the Bahamas Competent Authority issued an updated list of Common Reporting Standard (CRS) exchange partners. The...
Elizabeth A. McMorrow
- May 15, 2019
CRS: Mauritius Increases Monetary Penalties
Mauritius issued new regulations on April 23, 2019 that amend the Income Tax (Common Reporting Standard) Regulations 2018. The new...
Elizabeth A. McMorrow
- Apr 11, 2019
FATCA & CRS: Caymans Extends Deadline
Once again, the Cayman Islands has extended the deadline for FATCA and Common Reporting Standard (CRS) reporting from May 31 to July 31....
Elizabeth A. McMorrow
- Mar 11, 2019
CRS: BVI Expands Reportable Controlling Persons
The British Virgin Islands (BVI) issued revised Common Reporting Standard (CRS) Guidance Notes on February 19, 2019. Included in the...
Elizabeth A. McMorrow
- Jan 29, 2019
China Bound Ex-Pats Beware!
As of January 1, 2019, ex-pats working in China who remain in-country for more than 183 days must report their global income to the...
Elizabeth A. McMorrow
- Dec 13, 2018
FATCA Regs: Investment Entity Definition Clarified & Gross Proceeds Withholding Eliminated
Today the IRS released proposed FATCA regulations which clarify the definition of “Investment Entity,” and eliminate withholding on...
Elizabeth A. McMorrow
- Jul 9, 2018
FATCA & CRS: Bahamas Now Open for Registration & Reporting
The Bahamas announced that its AEOI Portal is now open for CRS and FATCA registration and reporting. The key dates are: Deadline for...
Elizabeth A. McMorrow
- May 31, 2018
FATCA & CRS: Cayman Islands New Deadline: July 31
The Cayman Islands changed its deadline for CRS and FATCA reporting: Original deadline May 31 Portal closed June 1 - June 14 Portal...
Elizabeth A. McMorrow
- May 7, 2018
CRS: Why Is Cayman Asking for Even More Controlling Persons?
The Cayman Islands announced in March that it updated its CRS self-certifications to require that Passive Non-Financial Entities (NFEs)...
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