Cayman Islands:
Cayman Islands AEOI Portal Reporting Deadlines And Revised Documentation
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The statutory deadline for filing CRS and US FATCA reports for
the 2018 year of account was 31 May 2018. Notwithstanding this
statutory deadline, the Department for International Tax
Cooperation (the "DITC") has issued an industry advisory
confirming that completion of 2018 CRS and US FATCA reporting
obligations on or before 31 July 2019 will not result in compliance
measures being taken for late filing, and will not attract adverse
consequences, enforcement measures or penalties. The DITC has
confirmed that reports submitted thereafter will be noted and may
be subject to compliance reviews by the DITC.
In addition, the AEOI Portal User Guide has been updated to version 5.0. See the DITC News & Updates page for a summary of
changes from v4.0 to v5.0.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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