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ARTICLE · 19 FEBRUARY 2018

Cayman Islands FATCA And CRS - Top Tips & Pitfalls To Avoid In 2018

Intertrust
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In this article we share our tips for reporting success for a Cayman Investment Entity Financial Institution (FI) and common pitfalls to watch out for based on our experience, plus what's coming next, including key deadlines.

Cayman IslandsTax
Laura Da Ascencão
Laura Da Ascencão

Five top tips for success

Five common pitfalls to avoid

What's coming up on the calendar for 2018

The Cayman Department for International Tax Cooperation (DITC) recently advised industry participants of the following:

Reportable jurisdiction update

The below is the list of jurisdictions to be treated as Reportable Jurisdictions for the purposes of the Common Reporting Standard contained in Schedule 1 of those regulations. This notice supersedes the notice published by Extraordinary Gazette No. 49/2017 dated Wednesday, 14 June 2017.

Azerbaijan and Pakistan will be Reportable Jurisdictions for reports due in 2018 onwards and Kuwait has been removed as a Reportable Jurisdiction for reports due in 2018 onwards.

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