Saint Lucia: Updated FATCA and CRS guidance, extended deadlines (COVID-19)

Saint Lucia: Updated FATCA and CRS guidance

The Inland Revenue Department of Saint Lucia issued an updated version (v6.0) of FATCA guidelines and an updated version (v4.0) of the common reporting standard (CRS) guidelines.

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The updated FATCA guidance reflects an extended deadline of 15 September 2020 for submission of FATCA reports for the 2019 reportable year—a relief measure provided in response to the coronavirus (COVID-19) pandemic.

The updated CRS guidance reflects an extended deadline of 15 October 2020 for submission of CRS reports for the 2019 reportable year, also in response to COVID-19.

There are other updates to the FATCA and CRS regimes.

Read a June 2020 report [PDF 70 KB] prepared by a KPMG member firm in the Caribbean region

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