Cayman Islands: Due dates for CDOT, FATCA reporting | KPMG | GLOBAL

Cayman Islands: Due dates for UK CDOT, US FATCA reporting

Cayman Islands: Due dates for CDOT, FATCA reporting

The Department for International Tax Cooperation of the Cayman Islands announced that under the information exchange regimes concerning the United Kingdom and the United States, reports may be submitted on or before 10 June 2016 and returns may be reported on or before 8 July 2016 without incurring “adverse consequences.”


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The Cayman Islands’ announcement (dated 8 April 2016) was issued under what is described as a “soft approach” to enforcement of notification and reporting due dates under the UK crown dependencies and overseas territories (CDOT) reporting regime and under the FATCA regime of the United States. This “soft approach” is in recognition of the first year of compliance for UK CDOT and the availability of the AEOI portal for notifications and reporting.


Read an April 2016 report [PDF 199 KB] prepared by the KPMG member firm in the Cayman Islands

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