DITC CRS News Updates

Document Overview

Summary and analysis of the official DITC document: DITC CRS News Updates.

Key Concepts Covered

• Common Reporting Standard (CRS)
• FATCA
• Reportable Jurisdiction
• Compliance Form
• Penalties and Enforcement
• DITC Portal / TIA Portal

Deadlines & Timelines Mentioned

• Page 1 of 3 Department for International Tax Cooperation CAYMAN ISLANDS ____________ Updates Bulletin Posted June 2025 It is recommended that this webpage is reviewed regularly to check for updates: Contents I.
• Reporting obligation FIs in scope Deadline 2024 Registration (Notification) An entity that became an FI after 30 April 2024.*
• 30 April 2025 2024 CRS Reporting (CRS XML) FIs with CRS reportable accounts.
• 31 July 2025 2024 CRS Filing Declaration (nil return) All FIs with a CRS reporting obligation.
• 31 July 2025 2024 FATCA Reporting (FATCA XML) FIs with FATCA reportable accounts or FIs that wish to submit a nil return (not mandatory).
• 31 July 2025 2024 CRS Compliance Form All FIs with a CRS reporting obligation.
• 15 September 2025 Financial institutions are advised to comply with the stated reporting obligations and deadlines.
• **Additional day added as the 30 April 2025 falls on a Bank Holiday.
• 07/2025, on Monday, 31 March 2025.

Document Snippet

Page 1 of 3 Department for International Tax Cooperation CAYMAN ISLANDS ____________ Updates Bulletin Posted June 2025 It is recommended that this webpage is reviewed regularly to check for updates: Contents I. 2024 CRS & FATCA Reporting Deadlines ............................................................................................... 2 II. Reportable and Participating Jurisdictions ........................................................................................... 2 Page 2 of 3 I. 2024 CRS & FATCA Reporting Deadlines The DITC Portal is open for 2024 CRS and FATCA submissions. Reporting obligation FIs in scope Deadline 2024 Registration (Notification) An entity that became an FI after 30 April 2024. 30 April 2025* 2024 CRS Reporting (CRS XML) FIs with CRS reportable accounts. 31 July 2025 2024 CRS Filing Declaration (nil return) All FIs with a CRS reporting obligation. 31 July 2025 2024 FATCA Reporting (FATCA XML) FIs with FATCA reportable accounts or FIs that wish to submit a nil return (not mandatory). 31 July 2025 2024 CRS Compliance Form All FIs with a CRS reporting obligation. 15 September 2025 ...