The Cayman Islands Department for International Tax Cooperation
("DITC") issued an advisory1 on 9 April 2019 (the
"Advisory") with respect to FATCA and CRS (together,
"AEOI") compliance including an extended 'soft
enforcement' deadline for 2019 reporting by Cayman Islands
Financial Institutions ("Cayman FIs"). The Advisory also
covers a number of other updates on AEOI and Country by Country
Reporting ("CbCR").
FATCA and CRS Reporting Deadline Update
The Cayman Islands AEOI Portal ("AEOI Portal") for
notification and reporting in relation to FATCA and CRS is now open
for notification and reporting. The deadline for notification, i.e.
registration to the DITC for entities that became Cayman FIs after
30 April 2018 (the previous statutory deadline for notification)
remains 30 April 2019.
