Bermuda Releases CRS Guidance

May 12, 2017

Stephen Kessinger

Author

Sovos

This blog was last updated on June 27, 2021

Bermuda has published Guidance for Financial Institutions to follow with respect to the Common Reporting Standard. Financial Institutions and their advisors should pay particular attention to the information as it covers many facets of the due diligence and reporting requirements. In particular, the Guidance provides that the due date for this year’s reporting will be August 30 (May 31 for all years after), and that registration (notification) must be completed by July 14 on the Bermuda Exchange of Information Electronic Portal. That portal has yet to be released.

Stephen Kessinger

Stephen Kessinger is a Regulatory Counsel for Sovos Compliance. Within Sovos' Regulatory Analysis function, Stephen focuses on AEOI reporting, including FATCA, CDOT and CRS. Before joining Sovos, Stephen earned his B.A. from the University of Vermont, and his J.D. from Roger Williams School of Law. He currently is a member of the Massachusetts and Rhode Island Bar Associations.

Stay up to date with the latest tax and compliance updates that may impact your business.