FATCA and CRS Reporting – Deadline of 31 July 2022 fast approaching

      The upcoming deadline for FATCA and CRS reporting in the Cayman Islands is fast approaching with the Cayman Department for International Tax Cooperation (DITC).

      For CRS, the next Compliance Form update deadline has been confirmed as 15 September 2022.

      The DITC has confirmed that for any cases of misclassification and/or noncompliance, it will consider necessary compliance and enforcement action. You can read more about these enforcement guidelines here.

      Key FATCA and CRS Reporting Dates

      Below we have outlined the key reporting dates for the 2021 reporting period:

      Reporting Obligation Deadline
      Notification registration (notification): 30 April 2022
      2021 CRS Reporting: 31 July 2022
      2021 CRS Filing Declaration: 31 July 2022
      2021 FATCA Reporting: 31 July 2022
      2021 CRS Compliance Form: 15 September 2022

      How can Waystone help?

      Waystone provides a full suite of FATCA/CRS services, designed to manage any material risks and achieve compliance regardless of your jurisdiction. Our diverse team is experienced in AEOI matters and provides a wide range of services for investment funds, family offices and financial institutions in over 20 jurisdictions. The Waystone AEOI Group maintains strong relationships with various local tax authorities, as we constantly monitor regulatory changes on behalf of our clients.

      To find out how Waystone can help with your FATCA and CRS reporting needs, reach out to your usual Waystone representative or contact us.


      More like this

      The Cayman Islands: Tax Information Authority releases enforcement guidelines on CRS compliance

      On 31 March 2022, The Cayman Tax Information Authority (TIA) released its CRS enforcement guidelines outlining the circumstances under which…
      Read more

      Independent AML Controls Review: Requirements for Cayman fund vehicles and management companies

      The Independent AML Controls Review (“AML review”) fulfils the obligations under the Cayman AML Regulations that require Cayman investment vehicles…
      Read more

      FinSA requirements – end of year deadline approaching

      The Swiss Financial Services Act (FinSA) came into force on 1 January 2020, changing the regulatory requirements for offering investment…
      Read more