FATCA/CRS News from Cayman Islands
The Cayman Islands Department for International Tax Cooperation (DITC) recently issued a news update regarding FATCA and Common Reporting...
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Elizabeth A. McMorrow
- May 30
M&A Checklist: Add FATCA GIIN Assignment/Deregistration
While your colleagues are making their way through a complex list of to dos on the sale of a subsidiary or of a multi-tiered structure,...
Elizabeth A. McMorrow
- May 25
BVI FATCA CRS Portal Fee Update
The British Virgin Islands International Tax Authority (BVI ITA) provided an update regarding the US$185.00 portal registration fee. The...
Elizabeth A. McMorrow
- Mar 14
Bahamas Announces FATCA/CRS 2023 Portal Dates
The Bahamas Competent Authority announced the FATCA and Common Reporting Standard (CRS) portal will open for FATCA and CRS registration...
Elizabeth A. McMorrow
- Feb 3
Guernsey FATCA & CRS Updates
Guernsey Revenue Service issued a bulletin covering upcoming FATCA and Common Reporting Standard (CRS) deadlines and requirements....
Elizabeth A. McMorrow
- Feb 3
IRS FATCA TIN Codes for Y2022 Reporting
The U.S. Internal Revenue Service (IRS) updated the tax identification number (TIN) codes to be used in Y2022 FATCA reporting when...
Elizabeth A. McMorrow
- Feb 3
BVI FATCA & CRS Deadlines
The British Virgin Islands (BVI) International Tax Authority (ITA) announced its FATCA and Common Reporting Standard (CRS) reporting...
Elizabeth A. McMorrow
- Jan 16
FATCA: IRS Gives FFIs US TIN Reprieve
The U.S. Internal Revenue Service (IRS) recently issued Notice 2023-11 which will be in Internal Revenue Bulletin (IRB) 2023-3, dated...
Elizabeth A. McMorrow
- Dec 23, 2022
Singapore Updated FATCA Reporting Form
On December 20, 2022, the Inland Revenue Authority of Singapore (IRAS) updated its FATCA Fillable PDF Form. Specifically, IRAS updated...
Elizabeth A. McMorrow
- Dec 22, 2022
Is Anyone at the IRS Reinstating GIINs?
Financial Institutions (FIs) around the world find themselves with terminated FATCA accounts. As a result their Global Intermediary...
Elizabeth A. McMorrow
- Nov 29, 2022
FATCA Registration of Sponsored Closely-Held Investment Vehicles
In October 2022, the Internal Revenue Service (IRS) issued a notice regarding the removal of Sponsored Entities from the IRS Foreign...
Elizabeth A. McMorrow
- Oct 30, 2022
BVI FATCA/CRS Registration Fee Starts in 2023
On October 27, 2022, the British Virgin Islands International Tax Authority (BVI ITA) announced the US$185.00 portal registration fee...
Elizabeth A. McMorrow
- Oct 29, 2022
Bahamas Announces Upcoming FATCA/CRS Portal Dates
The Bahamas Competent Authority announced the FATCA and Common Reporting Standard (CRS) portal will open for FATCA and CRS registration...
Elizabeth A. McMorrow
- Sep 29, 2022
FATCA: IRS Public Key Expires October 14
The IRS announced the Public Key for FATCA filing will expire on October 14, 2022. For those financial institutions (FIs) who submit...
Elizabeth A. McMorrow
- Jul 11, 2022
Cayman Islands FATCA/CRS deadline: Monday, August 1, 2022
For assistance, please contact me via my contact page or at elizabeth@elizabethmcmorrowlaw.com. #CaymanIslands #FATCA #CRS #Reporting
Elizabeth A. McMorrow
- Jun 24, 2022
FATCA POC NOT RO Contacted by IRS
We have come to expect that the U.S. Internal Revenue Service (IRS) will send the FATCA Responsible Officer (RO) an email to alert the RO...
Elizabeth A. McMorrow
- Jun 6, 2022
Which U.S. Persons Are Exempt from FATCA Reporting?
Foreign Financial Institutions (FFIs) participating in FATCA through an IGA or as a Participating FFI are required to undertake annual...
Elizabeth A. McMorrow
- Jun 2, 2022
BVI FATCA/CRS Registration Fee Update
On February 11, 2022, the British Virgin Islands International Tax Authority (BVI ITA) announced it will be establishing a registration...
Elizabeth A. McMorrow
- May 26, 2022
FinCEN Holding Crypto to a High KYC Standard
On May 19, 2022, Alessio Evangelista, Associate Director of FinCEN’s Enforcement and Compliance Division spoke at the Chainalysis Links...
Elizabeth A. McMorrow
- Apr 25, 2022
FATCA: Reversing Agreement Terminated Status
Certain entities may register in the IRS FATCA portal and, upon registration approval, receive a Global Intermediary Identification...
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