Mon, Jun 13, 2016
The Cayman Islands Department for International Tax Cooperation (DITC) has announced a final extension of the due dates for notification and reporting.
The Cayman Islands Department for International Tax Cooperation (DITC) has announced a final extension of the due dates for notification and reporting by Cayman Islands Reporting Financial Institutions under UK FATCA (also known as UK CDOT) and U.S. FATCA to Wednesday, August 10, 2016.
This extension is applicable to fund managers with Cayman Islands funds regardless of whether such funds have U.S. or UK investors.
Notifications and returns submitted on or before August 10, 2016 will not attract any adverse compliance consequences or enforcement measures.
Duff & Phelps can advise on U.S. and UK FATCA implications in general and specifically what impact this announcement has on your funds and group entities.
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