The Cayman Islands’ Department for International Tax Cooperation has recently announced a “final extension” for reporting under the FATCA and CRS regimes in a “AEOI News & Updates” release. Reporting under both systems will now be due August 31, 2017. Reporting entities must register with the Department by July 31, 2017 to ensure they meet the reporting deadline.
Reporting was originally scheduled to be due by May 31, 2017. Future reporting will likely be due on May 31 of each year.
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