Pursuant to an industry advisory dated 30 August 2017, as expanded by the AEOI News and Updates publication on its website, the Cayman Islands Department for International Tax Cooperation has announced that the AEOI Portal will remain open until 4:00pm on 13 September 2017 to accept late registrations, variations, reporting and filing declarations.
Please note that there is no extension of the CRS and FATCA reporting deadlines of 31 August 2017 and submissions after 31 August are technically in breach of regulations. Nevertheless, 13 September may be the last opportunity for Cayman Financial Institutions to comply with their 2017 registration and reporting requirements. It is not known when the AEOI Portal will reopen.
Further information about the AEOI regimes can be found on our dedicated FATCA and CRS webpage. Additionally, you may contact any one of the above members of our dedicated AEOI team.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.