Cayman Islands: Remedial action must be completed by 21 September

The Cayman Department for International Tax Cooperation (“DITC”) announced that it is close to completing the validation of the FATCA reports it received. However, due to changes made to the US FATCA schema by the IRS, additional information should be included in submitted Reports. It consequently announced that the remedial action must be completed by 21 September 2015, 5:00pm EST.

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