CRS Deadline Extended

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Industry Advisory

29 April 2020

The Department for International Tax Cooperation (DITC) advises industry that the reporting deadline for CRS filings has been extended to 16 November 2020.

The Department for International Tax Cooperation (DITC) advises industry that the reporting deadline for
CRS filings has been extended to 16 November 2020.

As the global outbreak of the COVID-19 virus is likely to affect financial institutions (FIs) and competent
authorities in meeting the 2020 international exchange deadline, the Global Forum has recognised that
jurisdictions should have the ability to extend the deadline for the 2020 CRS exchanges from 30
September 2020 to 31 December 2020 as a temporary measure.

DITC has therefore now aligned the CRS reporting deadline with the new FATCA reporting deadline of 16
November 2020.

For more information, please contact financialservices@caymangov.ky

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