News & Insights

FATCA - Cayman Islands AEOI Portal Update

The Cayman Islands Department of International Tax Cooperation has issued an advisory which provides an extension to the notification and reporting deadlines for Cayman Islands Reporting Financial Institutions on the Cayman Islands AEOI Portal.

Notification

The deadline for notification of reporting obligations to the Tax Information Authority has been extended so that notifications may be submitted on or before 29 May 2015, without attracting adverse consequences or enforcement measures.

Reporting

The deadline for a Cayman Islands Reporting Financial Institution to submit its first report containing certain information about its United States Reportable Accounts has been extended so that such report may be submitted on or before 26 June 2015, without attracting adverse consequences or enforcement measures.


If you would like further information please contact:


Chris Humphries
Managing Director
Tel:(+1 345) 814 7911
chris.humphries@stuartslaw.com


Megan Wright
Senior Associate
Tel:(+1 345) 814 7904
megan.wright@stuartslaw.com

This publication is for general guidance and is not intended to be a substitute for specific legal advice. Specialist advice should be sought about specific circumstances.