Cayman Islands FATCA notification deadline extended to April 2015

The Cayman Islands Department for International Tax Cooperation (“DITC”) released, on 23 February 2015, an update on the status of the Cayman automatic exchange of information portal extending the deadline for notification from 30 March 2015 to 30 April 2015.

The extension of the notification deadline is expected to facilitate industry compliance and allow for an amendment to be made to current regulations.