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:

      Previous post Next post
      Share

      More like this

      Back Off Black

      The EU removed the Cayman Islands from its blacklist of tax havens in October, after the British overseas territory
      Read more

      FINSA WORKSHOP

      Please join us for our FinSA workshop hosted by Matteo Risoldi, who will take you through the various steps of…
      Read more

      Cayman Islands AML training: Are you up to date?

      Operators/Directors of Financial Service Providers ("FSPs") (including Funds and SIBL-Registered Persons) operating in the Cayman Islands are expected to understand…
      Read more

      THE IMPACT OF COVID-19 ON THE AVIATION INDUSTRY

      Frank Dowling and Niall McNamara update us on the current state of the aviation industry as a result of the…
      Read more

      Irish Fund Management Companies: Time to Get Serious About Substance & Oversight

      This is the second in a series of 4 Articles from the DMS Client Solutions Team, bringing you their unique…
      Read more

      Deadline Fast Approaching: Ensure The Distribution Of Your Fund Is FinSA-Compliant

      The deadline for the Swiss Financial Services Act (FinSA) is fast approaching and it’s important to ensure you are compliant…
      Read more