Update on Economic Substance Forms

Update on Economic Substance Forms

As of Friday 15 May, the Department for International Tax Cooperation (DITC) is providing industry with the advance release of the following two Economic Substance (“ES”) Forms: 1. Form for Outsource Service Providers 2. Form for Entity Tax Resident in Another...
CRS Deadline Extended

CRS Deadline Extended

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...
CRS Form Released, FATCA Deadline Extended

CRS Form Released, FATCA Deadline Extended

The Department for International Tax Cooperation (DITC) advises industry of the following: CRS Compliance Form As of Wednesday, 15 April the DITC is providing industry with the advance release of its new CRS Compliance Form. Whilst the 2020 deadline for submission of...
CRS and FATCA Amendment Regulations, CRS Reportable Jurisdictions Now Available

CRS and FATCA Amendment Regulations, CRS Reportable Jurisdictions Now Available

The Department for International Tax Cooperation (DITC) advises industry that the Amendments to the CRS & FATCA Regulations were approved by Cabinet on 18 February 2020 and take immediate effect: Tax Information Authority (International Tax Compliance) (Common...