Cayman Islands: CDOT, FATCA notification date extended to 10 August

Cayman Islands: CDOT, FATCA notification date extended

The Cayman Islands Tax Information Authority announced a “final extension” of the soft enforcement due dates for notification and reporting under United Kingdom’s CDOT and the United States’ FATCA regimes.

Related content

The revised deadlines are: 

  • UK CDOT notifications can be submitted by 10 August 2016 (previously 10 June 2016).
  • U.S. FATCA notifications for entities established in 2015 can be submitted by 10 August 2016 (previously 10 June 2016).
  • 2014 and 2015 UK CDOT and 2015 U.S. FATCA returns can be submitted by 10 August 2016 (previously 8 July 2016).

The extended deadlines are intended to provide Cayman financial institutions sufficient time to complete their UK CDOT registration on the Cayman TIA portal (required for all Cayman financial institutions that are not exempt).

 

Read a June 2016 report [PDF 481 KB] prepared by the KPMG member firm in the Cayman Islands

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Request for proposal

 

Submit

KPMG's new digital platform

KPMG's new digital platform