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Flyingboat News

FATCA: Cayman Islands extends deadlines

May 19, 2015

The Cayman Islands Tax Authority has announced extended deadlines for both FATCA registration and reporting in this reporting year. The extended deadlines are 21st May 2015 for registration and filing by 12th of June 2015.

Alan Rowe, Director at Fusion Systems commented "Many organisations are still grappling with matters of entity classification and data gathering and some are only just become aware of the technical complexity of the reporting requirements, so the extension of time will be a welcome relief for some people.

We are still able to help businesses with a reporting requirement through our Bureau Service, the level of enquiries has been steadily rising over the last few weeks. We are anticipate a rush of activity as we close in on the 30th June 2015 which is a filing deadline date for many jurisdictions."

The latest news is posted to the Cayman Islands Department of International Tax Cooperation website and the new note may be downloaded here.