top of page
Search
  • Elizabeth A. McMorrow

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 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 AEOI portal will close on Friday August 30, 2019 at 5PM EDT.

Registration

If a Financial Institution was created after the 2018 registration period ended, it must complete its initial registration by August 30, 2019.

Nil Returns

Bahamas Reporting Financial Institutions are not required to file nil returns with The Bahamas Competent Authority for the Common Reporting Standard (CRS).

However, Reporting Bahamas Financial Institutions with no Reportable Accounts are required to file nil returns with The Bahamas Competent Authority for FATCA.

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


Recent Posts

See All

Switzerland Switching to FATCA Model 1 in 2027

On June 27, 2024, the U.S. and Switzerland signed a new FATCA agreement changing Switzerland from a Model 2 IGA jurisdiction to Model 1 IGA jurisdiction starting in 2027. Model 2 IGA The U.S.-Switzerl

bottom of page