Cayman Islands Department For International Tax Cooperation: Portal Is Now Open
Further to our recent communication, we are pleased to inform you that The Cayman Islands Department for International Tax Cooperation (DITC) has now advised the industry that the DITC Portal has reopened. As previously noted, the initial opening will see the DITC Portal only being available for CRS and FATCA purposes and in its Phase II, it will provide functionality for Economic Substance and Country-by-Country reporting, with the date for this yet to be confirmed.
Please note the reporting deadlines have been extended for CRS & FATCA filings:
|New Entity Registration||16 December 2020|
|CRS Reporting & CRS Filing Declaration||16 December 2020|
|FATCA Reporting||16 December 2020|
|CRS Compliance Form||31 March 2021|
The DMS ITC team would welcome the opportunity to further discuss its fully customizable ITC solutions which includes the completion of the new CRS Compliance Form.
Please reach out to your usual DMS representative or contact us below: