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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.


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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

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