Cayman Islands:
Cayman Islands FATCA/CRS Update - Registration And Reporting Deadlines
08 August 2017
Carey Olsen
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Registration. All Cayman Financial Institutions
(CFIs) must register with the Department of
International Tax Cooperation for CRS (or vary their existing
FATCA/UK CDOT registration) by 31 July 2017.
Registration/variation is required even for CFIs that have no
reporting obligations.
Reporting. All CFIs must report under FATCA/CRS
by 31 August 2017. This is a final deadline
and will not be extended.
Failure to register or report by the relevant deadline is an
offence and may result in fines of up to US$60,000.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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