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Contributors

Aki Corsoni-Husain
Aki Corsoni-Husain
  • Aki Corsoni-Husain

  • Partner
  • Cyprus
George Apostolou
George Apostolou
  • George Apostolou

  • Partner
  • Cyprus
Chiara Deceglie
Chiara Deceglie
  • Chiara Deceglie

  • Partner
  • Luxembourg
Massimiliano della Zonca
Massimiliano della Zonca
  • Massimiliano della Zonca

  • Senior Associate
  • Luxembourg
Philip Graham
Philip Graham
  • Philip Graham

  • Partner
  • British Virgin Islands
Ayana Hull
Ayana Hull
  • Ayana Hull

  • Counsel
  • British Virgin Islands
Katerina Katsiami
Katerina Katsiami
  • Katerina Katsiami

  • Associate
  • Cyprus
Petros Kiteos
Petros Kiteos
  • Petros Kiteos

  • Associate
  • Cyprus
Andrew Knight
Andrew Knight
  • Andrew Knight

  • Partner
  • Luxembourg
Joshua Mangeot
Joshua Mangeot
  • Joshua Mangeot

  • Counsel
  • British Virgin Islands
Mirza Manraj
Mirza Manraj
  • Mirza Manraj

  • Counsel
  • Hong Kong
Elina Mantrali
Mirza Manraj
  • Elina Mantrali

  • Associate
  • Cyprus
Vanessa Molloy
Vanessa Molloy
  • Vanessa Molloy

  • Partner
  • Luxembourg
Andrea Moundi Savvides
Andrea Moundi Savvides
  • Andrea Moundi Savvides

  • Consultant
  • Cyprus
Marina Stavrou
Marina Stavrou
  • Marina Stavrou

  • Associate
  • Cyprus
Matt Taber
Matt Taber
  • Matt Taber

  • Partner
  • Cayman Islands
Carolynn Vivian
Carolynn Vivian
  • Carolynn Vivian

  • Senior Associate
  • Cayman Islands

Cayman Islands: Important updates on CRS

CRS reporting

A reminder that all CRS and FATCA reporting for the 2019 period must be submitted by Cayman Islands Financial Institutions by 16 December 2020. The reporting must done through the DITC Portal.

The CRS Compliance Form must be submitted by 31 March 2021.

Closing of CRS reporting functionality on 17 Dec 2020 & introduction of version 2.0 of the CRS Schema

The Cayman Islands Department for International Tax Cooperation (DITC) is implementing version 2.0 of the OECD CRS XML Schema. To enable the transition to version 2.0 the CRS reporting functionality on the DITC Portal will be closed between 17 December 2020 and March 2021.

Accordingly, any reporting to be made after 16 December 2020 must be made using version 2.0 of the OECD CRS XML Schema. Cayman Islands Financial Institutions should bear this in mind if there is a possibility that they will miss the 16 December 2020 CRS reporting deadline.

While the CRS reporting functionality is disabled, it will still be possible to perform the following activities on the DITC Portal:

  • Submission of the CRS Compliance Form
  • Submission of FATCA reporting
  • Registration of new FIs
  • Completion of Authorised Person, Principal Point of Contact and Secondary User updates

Further details and the DITC news release can be found here.