The Department for International Tax Cooperation
("DITC") has released Version 2.0 of the Common Reporting
Standard ("CRS") Guidance Notes and clarified certain
areas:
FATCA/CRS – Notification and Reporting Deadlines
The Cayman Islands Automatic Exchange of Information
("AEOI") Portal will still remain offline until the
beginning of May 2017 due to software upgrades.
CRS notification function on the AEOI
Portal is scheduled to go live in the week of 10 May 2017
CRS reporting function on the AEOI
Portal is scheduled to go live in the week of 12 June 2017
In order to provide sufficient time to all Cayman Financial
Institution to file notification and reports, the authorities
aligned the deadlines for U.S. FATCA and CRS for this year:
The notification deadline for FATCA
and CRS is now 30 June 2017
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The Cayman Islands AEOI Portal is open for notification and reporting. Please note that the deadlines for the 2017 reporting cycle are not changing and remain as follows:
30 April 2018 for notification for U.S FATCA and CRS
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