Cayman Islands: FAQs on CRS compliance form

Cayman Islands: FAQs on CRS compliance form

The Department for International Tax Cooperation (DITC) of the Cayman Islands on 8 May 2020 issued a set of “frequently asked questions” (FAQs) related to the common reporting standard (CRS) compliance form.

1000

Related content

The CRS form was released in April 2020. Read TaxNewsFlash

The FAQs set forth the:

  • Deadline for submission of CRS compliance form
  • Filing procedure and obligations regarding currency reporting
  • Requirement for all registered financial institutions to complete the form annually—except investment managers and advisers that confirmed on registration that they have no financial accounts
  • Consequences for failure to submit the CRS compliance form by the deadline


Read a May 2020 report [PDF 72 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