CRS and FATCA: extension of reporting deadlines

May 18, 2020

We want to remind you that FATCA (Foreign Account Tax Compliance Act) and CRS (Common Reporting Standard) are two main laws/standards in the field of control and regulation of tax evasion using offshore jurisdictions and ensuring transparency of tax information in the United States, Europe and other countries. In accordance with the requirements of these standards, individuals and legal entities must submit financial information annually.

The deadlines are different for each jurisdiction, but the situation has changed in 2020, and many deadlines have been postponed.

New deadlines for CRS:

  • British Virgin Islands – from May 31 to July 31;
  • Bermuda – from May 31 to July 15;
  • India – from May 31 to June 30;
  • Qatar – from July 31 to August 31;
  • Canada – from May 1 to September 1;
  • Liechtenstein – from 30 June to 31 July;
  • Malta – from April 30 to June 30;
  • Russia – from May 31 to August 31;
  • Slovenia – from May 31 to July 31.

Some jurisdictions have also extended reporting deadlines for FATCA in 2020:

  • British Virgin Islands – from May 31 to August 31;
  • India – from May 31 to June 30;
  • Liechtenstein – from 30 June to 31 July;
  • Malta – from April 30 to June 30.
Most Read News

January 24, 2020

Professional Tax – new tax for Cyprus companies

At the end of 2019 Cyprus municipalities introduced a new tax for Cyprus companies called Professional Tax.

July 10, 2020

Cyprus: Since 1 of July Contributions to the GESY Fund Have Increased

From March 1, 2020, contributions to the Fund of the state health insurance system of Cyprus GESY were supposed to grow as part of the second stage of the reform of this system.

December 03, 2019

Happy Lawyer’s Day!

December 3 is the lawyer's day in Russia. Congratulations to our colleagues on their professional holiday!

January 24, 2020

Professional Tax – Π½ΠΎΠ²Ρ‹ΠΉ Π½Π°Π»ΠΎΠ³ для кипрских ΠΊΠΎΠΌΠΏΠ°Π½ΠΈΠΉ

Π’ ΠΊΠΎΠ½Ρ†Π΅ 2019 Π³ΠΎΠ΄Π° кипрскиС ΠΌΡƒΠ½ΠΈΡ†ΠΈΠΏΠ°Π»ΠΈΡ‚Π΅Ρ‚Ρ‹ Π²Π²Π΅Π»ΠΈ Π½ΠΎΠ²Ρ‹ΠΉ Π½Π°Π»ΠΎΠ³ для кипрских ΠΊΠΎΠΌΠΏΠ°Π½ΠΈΠΉ - Professional Tax.

August 06, 2020

CypRus: ΠΏΠΎΡ€Π° Π»ΠΈ ΠΌΠ΅Π½ΡΡ‚ΡŒ Π·Π°Π³Π»Π°Π²Π½ΡƒΡŽ R Π½Π° ΡΡ‚Ρ€ΠΎΡ‡Π½ΡƒΡŽ

Π’ настоящСС врСмя Российской Π€Π΅Π΄Π΅Ρ€Π°Ρ†ΠΈΠΈ ΠΈ РСспублики ΠšΠΈΠΏΡ€ Π½Π΅ удаСтся Π΄ΠΎΡΡ‚ΠΈΡ‡ΡŒ согласия, ΠœΠΈΠ½Ρ„ΠΈΠ½ΠΎΠΌ Π Π€ Π·Π°ΠΏΡƒΡ‰Π΅Π½Π° ΠΏΡ€ΠΎΡ†Π΅Π΄ΡƒΡ€Π° дСнонсации соглашСния ΠΎΠ± ΠΈΠ·Π±Π΅ΠΆΠ°Π½ΠΈΠΈ Π΄Π²ΠΎΠΉΠ½ΠΎΠ³ΠΎ налогооблоТСния. Π’ Ρ€Π΅Π·ΡƒΠ»ΡŒΡ‚Π°Ρ‚Π΅ этой ΠΏΡ€ΠΎΡ†Π΅Π΄ΡƒΡ€Ρ‹ соглашСниС ΠΌΠ΅ΠΆΠ΄Ρƒ странами Π±ΡƒΠ΄Π΅Ρ‚ расторгнуто.

November 30, 2022

Π“ΠΎΠ½ΠΊΠΎΠ½Π³: порядок налогооблоТСния пассивных Π΄ΠΎΡ…ΠΎΠ΄ΠΎΠ², ΠΏΠΎΠ»ΡƒΡ‡Π΅Π½Π½Ρ‹Ρ… ΠΎΡ‚ иностранных источников

Условия освобоТдСния ΠΎΡ‚ налогооблоТСния ΠΏΡ€ΠΈΠ±Ρ‹Π»ΠΈ ΠΊΠΎΠΌΠΏΠ°Π½ΠΈΠΉ Π±Ρ‹Π»ΠΈ Π΄ΠΎΠΏΠΎΠ»Π½Π΅Π½Ρ‹ трСбованиями ΠΎ Π½Π°Π»ΠΈΡ‡ΠΈΠ΅ экономичСского присутствия Π² ΠΎΡ‚Π½ΠΎΡˆΠ΅Π½ΠΈΠΈ ΠΊΠΎΠΌΠΏΠ°Π½ΠΈΠΉ ΠΎΡ‚Π²Π΅Ρ‡Π°ΡŽΡ‰ΠΈΠΌ ΡƒΠΊΠ°Π·Π°Π½Π½Ρ‹ΠΌ Π² Π·Π°ΠΊΠΎΠ½Π΅ критСриям. Π£ΠΊΠ°Π·Π°Π½Π½Ρ‹Π΅ измСнСния коснутся ΠΊΠΎΠΌΠΏΠ°Π½ΠΈΠΉ-ΠΏΠΎΠ»ΡƒΡ‡Π°Ρ‚Π΅Π»Π΅ΠΉ пассивных Π΄ΠΎΡ…ΠΎΠ΄ΠΎΠ², ΠΊΠΎΡ‚ΠΎΡ€Ρ‹Π΅ ΡΠ²Π»ΡΡŽΡ‚ΡΡ Ρ‡Π°ΡΡ‚ΡŒΡŽ ΠΌΠ΅ΠΆΠ΄ΡƒΠ½Π°Ρ€ΠΎΠ΄Π½ΠΎΠΉ [...]

February 24, 2019

Amendments to Cyprus Company Law

The Cyprus Department of Registrar of Companies and Official Receiver (ROC) announced amendments to the Cyprus Company Law.

May 08, 2020

CySec: Changes of the Due Date for Some Obligations in Cyprus

The financial regulatory agency of Cyprus (CySec) has changed some due date obligations for issuers, providers and funds: The due date for the obligation of issuers to publicise the annual financial statements for 2019, is postponed for the 30 of June 2020. The due date for [...]