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Elizabeth McMorrow
May 12, 2020
UK FATCA & CRS Deadline Update
The United Kingdom’s tax authority (HMRC) issued an update today regarding the deadline for CRS and FATCA Y2019 reporting. The normal...
Elizabeth McMorrow
May 7, 2020
FATCA & CRS: Bahamas Announces 2020 Deadlines
The Bahamas tax authority announced that its AEOI portal will open for registration and reporting on Monday, August 17, 2020 at 9 AM EDT....
Elizabeth McMorrow
May 6, 2020
No Policies & Procedures Could Cost You US$100K
Many tax authorities around the world have slowed down due to the pandemic but the British Virgin Islands International Tax Authority...
Elizabeth McMorrow
May 1, 2020
Cayman Extends CRS to Match FATCA Extension
The Cayman Islands previously extended the deadline for Y2019 FATCA reporting to November 16, 2020. Cayman Islands Department for...
Elizabeth McMorrow
Apr 28, 2020
Mauritius Extends FATCA Deadline
The Mauritius Revenue Authority (MRA) announced today the due date to submit FATCA reporting to the MRA has been extended from July 31,...
Elizabeth McMorrow
Apr 22, 2020
BVI Extends Both FATCA & CRS Deadlines
Given the IRS extension for foreign government FATCA reporting, the British Virgin Islands (BVI) has extended its FATCA registration and...
Elizabeth McMorrow
Apr 16, 2020
FATCA (But Not CRS) Cayman Deadline Extended to November 16, 2020
The Cayman Islands announced the deadline for Y2019 FATCA reporting has been extended to November 16, 2020. However, the deadline for CRS...
Elizabeth McMorrow
Mar 4, 2020
Luxembourg Parliament Reviewing FATCA/CRS Legislation
Luxembourg’s Parliament is currently considering proposed amendments to its existing FATCA and CRS laws. The proposed changes would take...
Elizabeth McMorrow
Mar 3, 2020
FATCA & CRS: Cayman Deadline Extended to September 18, 2020
The Cayman Islands announced today that the deadline for Y2019 FATCA/CRS reporting has been extended to September 18, 2020 and the annual...
Elizabeth A. McMorrow
Jan 11, 2020
FATCA/CRS: Caymans Announces New Portal under Development
Previously, the Cayman Islands stated that its FATCA/CRS AEOI portal was offline for maintenance. [See my August 31, 2019 blog post:...
Elizabeth A. McMorrow
Dec 20, 2019
Perplexing Risk Rankings
Whether it’s assessing a new foreign grantor trust client, setting up a new foreign biotech manufacturing plant or soliciting funds for a...
Elizabeth A. McMorrow
Nov 22, 2019
Is BVI Ramping up for FATCA & CRS Examinations?
This week the British Virgin Islands (BVI) International Tax Authority (ITA) demonstrated its commitment to FATCA and CRS examinations by...
Elizabeth A. McMorrow
Aug 31, 2019
FATCA & CRS: Cayman Portal Closed
The Cayman Islands Department for International Tax Cooperation (DITC) announced Friday that its AEOI portal is offline to facilitate the...
Elizabeth A. McMorrow
Jul 17, 2019
CRS: Questionable Residence Alarm Bells
You received a self-certification from a new client that looks reasonable on its face but is it? Have you considered whether the client...
Elizabeth A. McMorrow
Jun 24, 2019
BVI Deadline Extended to July 31, 2019
The British Virgin Islands (BVI) tax authority issued a notice on Friday, June 21, 2019 alerting filers that the deadline for both FATCA...
Elizabeth A. McMorrow
Jun 17, 2019
FATCA & CRS: New Cayman Industry Advisory
The Cayman Islands AEOI Portal is currently online and open for notifications and reporting for all years. The deadline for both CRS and...
Elizabeth A. McMorrow
Jun 14, 2019
Bahamas Open for Submissions on Monday
The Bahamas Competent Authority announced that its automatic exchange of information (AEOI) portal will open for FACTA and CRS-AEOI...
Elizabeth A. McMorrow
May 26, 2019
CRS: Bahamas Issues Updated Jurisdiction List
On May 25, 2019, the Bahamas Competent Authority issued an updated list of Common Reporting Standard (CRS) exchange partners. The...
Elizabeth A. McMorrow
May 15, 2019
CRS: Mauritius Increases Monetary Penalties
Mauritius issued new regulations on April 23, 2019 that amend the Income Tax (Common Reporting Standard) Regulations 2018. The new...
Elizabeth A. McMorrow
Apr 11, 2019
FATCA & CRS: Caymans Extends Deadline
Once again, the Cayman Islands has extended the deadline for FATCA and Common Reporting Standard (CRS) reporting from May 31 to July 31....
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