Saint Kitts and Nevis: Possible extension of CRS reporting deadline

A possible extension of the common reporting standard (CRS) reporting deadline for the 2020 reporting period

A possible extension of the CRS reporting deadline for the 2020 reporting period

The tax authority of Saint Kitts and Nevis drafted an industry advisory indicating there could be a possible extension of the common reporting standard (CRS) reporting deadline for the 2020 reporting period.

According to the draft, the reporting deadline could potentially be extended to 29 August 2021 (from 31 May 2021).

The advisory is under discussion so the extension is not certain. Once finalized, all financial institutions will be notified of the reporting deadline (if extended) and the notice will be posted on the Inland Revenue Department website.

Read a May 2021 report [PDF 65 KB] prepared by a KPMG member firm in the Caribbean region

 

 

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.