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ARTICLE · 28 MARCH 2018

Cayman Islands AEOI Update – March 2018

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The Cayman Islands Department for International Tax Cooperation ("DITC") has issued an advisory dated 20 March 2018 (the "Advisory") making certain announcements with respect to FATCA and CRS compliance...

Cayman IslandsTax
Richard May
Richard May
Christopher Capewell
Christopher Capewell
Tim Dawson
Tim Dawson
Tim Frawley
Tim Frawley
Patrick Head
Patrick Head
Martin Livingston
Martin Livingston
Alasdair Robertson
Alasdair Robertson
James Turner
James Turner
Tahir Jawed
Tahir Jawed
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The Cayman Islands Department for International Tax Cooperation ("DITC") has issued an advisory dated 20 March 2018 (the "Advisory") making certain announcements with respect to FATCA and CRS compliance in the Cayman Islands for Cayman Islands Financial Institutions ("Cayman FIs").

AEOI Portal

The DITC has confirmed that the Cayman Islands AEOI Portal (the "AEOI Portal") for notification and reporting in relation to FATCA and CRS is now open and the relevant regulatory deadlines are (i) 30 April 2018 for notification (i.e. enrolment), and (ii) 31 May 2018 for reporting for the 2017 calendar year.  Entities that became Cayman FIs after 30 April 2017, which was the statutory deadline for notification in 2017, should make their notifications to the DITC by this date.

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