November 22, 2019

This week the British Virgin Islands (BVI) International Tax Authority (ITA) demonstrated its commitment to FATCA and CRS examinations by posting open positions with significant compliance responsibilities.

Head of Compliance Unit

The position includes a number of duties...

November 20, 2019

Given that the departments usually handling FATCA, CRS and GDPR are swamped with a variety of other year-end tasks, this post may not be welcome . . . but you’ll thank me later!

FATCA: Deregister Now & Avoid 2021 Reporting

If you sell, liquidate or otherwise terminate a...

October 24, 2019

The South Dakota Trust Association hosted its third annual Fall Forum on October 17 & October 18, 2019.  We were fortunate to have Scott Kelly, Deputy Director of Trusts, South Dakota Division of Banking and Jonathan Sanborn, Esq., Financial Institution Examiner, South...

October 10, 2019

The South Dakota Trust Association is hosting its third annual Fall Forum on October 17 & October 18, 2019 at Sioux Falls Convention Center.  The Fall Forum will include a variety of speakers on both the local and national level addressing a wide range of topics relati...

October 9, 2019

As promised in July, Singapore provided details regarding changes to FATCA reporting requirements.  The changes take effect as of April 1, 2020.


End of IDES


Despite being a Model 1 IGA jurisdiction, Singapore has required Reporting Singapore Financial Institutions (SGF...

August 31, 2019

The Cayman Islands Department for International Tax Cooperation (DITC) announced Friday that its AEOI portal is offline to facilitate the transmission of CRS and FATCA returns to partner jurisdictions. 


Users will be able to login and check on previously submitted retu...

July 22, 2019

Below is an article I wrote regarding tax issues that U.S. persons in the publishing industry may face.  It was published in the Society of Children's Book Writers & Illustrators Bulletin Spring 2019

June 24, 2019

The British Virgin Islands (BVI) tax authority issued a notice on Friday, June 21, 2019 alerting filers that the deadline for both FATCA and CRS is July 31, 2019.

The extended deadline is applicable to all reporting Virgin Islands Financial Institutions, and is als...

June 17, 2019

The Cayman Islands AEOI Portal is currently online and open for notifications and reporting for all years.  The deadline for both CRS and FATCA is July 31, 2019.  The new Industry Advisory provides a number of updates regarding the portal user guide, error and status n...

June 14, 2019

The Bahamas Competent Authority announced that its automatic exchange of information (AEOI) portal will open for FACTA and CRS-AEOI registration and submission on Monday July 15, 2019 at 9AM EDT.  (This is the same time zone as New York and 2PM in London).

The Bahamas A...

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