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ARTICLE · 25 MAY 2017

Cayman Islands AEOI Update – U.S. FATCA And Common Reporting Standard Deadlines Aligned

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The Department for International Tax Cooperation ("DITC") has released Version 2.0 of the Common Reporting Standard ("CRS") Guidance Notes and clarified certain areas:

Cayman IslandsFinance and Banking
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The Department for International Tax Cooperation ("DITC") has released Version 2.0 of the Common Reporting Standard ("CRS") Guidance Notes and clarified certain areas:

FATCA/CRS – Notification and Reporting Deadlines

The Cayman Islands Automatic Exchange of Information ("AEOI") Portal will still remain offline until the beginning of May 2017 due to software upgrades.

  • CRS notification function on the AEOI Portal is scheduled to go live in the week of 10 May 2017
  • CRS reporting function on the AEOI Portal is scheduled to go live in the week of 12 June 2017

In order to provide sufficient time to all Cayman Financial Institution to file notification and reports, the authorities aligned the deadlines for U.S. FATCA and CRS for this year:

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