Once again, the Cayman Islands has extended the deadline for FATCA and Common Reporting Standard (CRS) reporting from May 31 to July 31. Cayman Islands Portal Open The Cayman Islands Department for International Tax Cooperation (TIA) also announced that its Automatic Exchange of Information (AEOI) portal is open for FATCA and CRS reporting submissions. Now is the time to submit any 2014 - 2017 reporting that you failed to submit previously while the portal is not bombarded wi

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 registration/notification is August 31, 2017, the Cayman Islands is keeping its portal open until September 13, 2017. Specifically, the portal will be open until 4 P.M. on September 13, 2017: New York 5 P.M. / London 1

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 possible that fines may be levied against those that did not meet the July 31, 2017 deadline. Additional fines may be levied if an FI fails to register prior to August 31, 2017. Please note that it is necessary to

The Cayman Islands announced yesterday that it extended the deadline for Financial Institutions (FIs) to register in the Cayman Islands AEOI portal. Previously, the deadline was June 30, 2017. The deadline is now July 31, 2017. Please note that it is necessary to register even if the FI has no reporting obligations. Additionally, even if the FI previously registered for FATCA and CDOT, it must update its registration to comply with Cayman Islands CRS requirements. The Caym

The Cayman Department for International Tax Cooperation (DITC) issued an industry advisory extending the dates for Common Reporting Standard (CRS) notification and reporting. The deadline for notification has been extended from April 30, 2017 to June 30, 2017. The deadline for reporting has been extended from May 31, 2017 to July 31, 2017. Reporting Financial Institutions (FIs) must submit their CRS data and show the status “Accepted” within the Submission History page of the

As we enter the final months of Y2016, it is a good time to review some aspects of the UK FATCA/CDOT and CRS transition. The transition from CDOT to CRS began as of January 1, 2016 with the first report due to local tax authorities on March 31, 2017 (Turks & Caicos). As a reminder, the following jurisdictions participate in CDOT: • Anguilla • Bermuda • British Virgin Islands • Cayman Islands • Gibraltar • Guernsey • Isle of Man • Jersey • Montserra