News & Insights

FATCA Reporting Update

The Cayman Automated Exchange of Information (AEOI) portal is now operational and allows Cayman Islands Financial Institutions to register and report information required pursuant to FATCA. 

The deadline for a Cayman Islands Financial Institution to notify the Tax Information Authority that it has reporting obligations under FATCA has been extended from 31 March 2015 to 30 April 2015 to accommodate delays in the launch of the portal. The first reporting deadline of 31 May 2015 remains unchanged.

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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.