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ARTICLE · 05 MAY 2020

CRS And FATCA Update

Collas Crill
Collas Crill
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Collas Crill

Collas Crill

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There have been a number of recent amendments to the Common Reporting Standard (CRS) and FATCA reporting regimes in the Cayman Islands.

Cayman IslandsCompliance
Natalie Bell
Natalie Bell
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There have been a number of recent amendments to the Common Reporting Standard (CRS) and FATCA reporting regimes in the Cayman Islands and, following this, the Department for International Tax Cooperation (DITC) has issued a further industry advisory on 16 April 2020 regarding FATCA and CRS, which is available here.

We have summarised the key updates below which Cayman Financial Institutions (Cayman FIs) need to be aware of.

AEOI Portal/ new DITC Portal

The Cayman Islands Exchange of Information (AEOI) Portal is currently offline and a new portal (called DITC Portal) will launch in June 2020. New registrations are not being accepted until the DITC Portal is launched. 

FATCA and CRS Reporting Deadlines

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