On September 3, 2021, the Cayman Department of International Tax Cooperation (DITC) published an Updates Bulletin reminding the Industry tha

On August 30, 2021, the Cayman Department for International Tax Cooperation posted an Updates Bulletin with three key reminders

On September 15, 2021, Cayman filers will have to submit the new CRS Compliance Form, which will be due annually on that date.

On August 20, 2021, the Cayman Department of International Tax Cooperation posted a new Updates Bulletin that includes Common Reporting Stan

On June 3, 2021, the Cayman DITC published an Updates Bulletin that includes details related to the Foreign Account Tax Compliance Act (FATCA), the Common Reporting Standard (CRS), and Economic Substance (ES) Reporting. In addition to minor reporting updates, the DITC stresses the importance of compliance in this area, as certain defenses previously accepted from FIs will not be allowed this year. FIs should strongly consider revisiting their FATCA and CRS classifications and

The DITC Compliance Team identified certain areas where FIs may not have complied with CRS Regulations.

On March 31, 2021, the Cayman DITC posted an Updates Bulletin addressing FATCA, CRS, Economic Substance, and the CbCR Portal Accessibility.

In a DITC Portal Update, the Cayman government extended the 2019 CRS Compliance Form deadline to September 15, 2021. This extension is intended to accommodate the availability of a bulk upload option in CSV format, which will be released in advance of the revised deadline. The extension also aligns the deadline for both the 2019 CRS Compliance Form and the 2020 CRS Compliance Form, both of which are now September 15, 2021. Read the full update here: https://www.ditc.ky/wp-co