Share with your friends

Cayman Islands: Updated FATCA and CRS guidance

Cayman Islands: Updated FATCA and CRS guidance

The Department for International Tax Cooperation (DITC) of the Cayman Islands in early March 2020 announced amendments to regulations concerning the FATCA and common reporting standard (CRS) regimes.


Related content

The amendments:

  • Extend the annual reporting deadline for FATCA and CRS to 31 July (from 31 May)
  • Remove a requirement that an “authorising person” and “principal point of contact” must be an individual

Other guidance provided reflects that the reporting deadline for the 2019 reporting year under the FATCA and CRS regimes is extended to 18 September 2020, and includes a list of “frequently asked questions” (FAQs) concerning the new portal.

Read a March 2020 report [PDF 79 KB] prepared by the KPMG member firm in the Cayman Islands

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


loading image Request for proposal