Cayman Islands: FATCA Update: New Deadlines For Notification And Reporting To The TIA

The Cayman Islands Department of International Tax Cooperation has extended the deadlines for Cayman Reporting Financial Institutions (RFIs) to provide notification and reporting and to the Tax Information Authority for U.S. FATCA Reportable Accounts.

RFIs now have until Friday, May 29, 2015 to submit notifications. The new reporting deadline is Friday, June 26, 2015. There will be no adverse consequences or enforcement measures prior to these dates.