Cayman Islands: Updated FATCA and CRS guidance

Updates related to the FATCA and common reporting standard (CRS) regimes

Updates related to the FATCA and common reporting standard (CRS) regimes

The Department for International Tax Cooperation (DITC) of the Cayman Islands has issued updates related to the FATCA and common reporting standard (CRS) regimes.

The updates concern:

  • FATCA and CRS reporting
    • The deadline for submitting 2019 (extended) and 2020 CRS and FATCA reports has now passed. Financial institutions that have not yet completed the reporting (including CRS returns, CRS filing declarations and/or FATCA returns), need to complete it as soon as possible.
    • The deadline for submitting the CRS compliance form is 15 September 2021.
    • The series of codes developed by the U.S. tax authority (IRS) is to be used by financial institutions when the tax identification number (TIN) is not available.
  • CRS compliance form: The bulk upload functionality is now live.

Read a September 2021 report [PDF 117 KB] prepared by the KPMG member firm in the Cayman Islands


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