Search
  • Elizabeth A. McMorrow

FATCA & CRS: Caymans Extends Reporting Date to August 31

The Cayman Islands announced that the reporting deadline for FATCA and CRS has been extended to August 31, 2017. This will be the final extension.

The AEOI portal will close on August 31, 2017 at 4PM local time (3PM New York / 10PM London).

The deadline for registration remains July 31, 2017.

The Department for International Tax Cooperation (DITC) also issued a reminder that failure to register or report by the stated deadlines may result in a fine of KYD 50,000 (USD 61,000).

Additionally, representatives of a Cayman Financial Institution (e.g., directors) may be held liable for violations if proof of reasonable diligence cannot be provided.

For assistance, please contact me via my contact page or at elizabeth@elizabethmcmorrowlaw.com.

#CaymanIslands #CRS #FATCA

Recent Posts

See All

Mauritius Extends FATCA & CRS Deadline

The Mauritius Revenue Authority (MRA) announced the due date to submit FATCA and Common Reporting Standard (CRS) reporting to the MRA has been extended from July 31, 2021, to August 16, 2021. To conta

IRS FFI Agreement Terminated. Now What?

If you missed the July 1 deadline for submitting a FATCA Responsible Officer (RO) Periodic Certification, the Internal Revenue Service (IRS) may change the registration status of your Foreign Financia