CRS and FATCA reporting deadlines extended due to COVID-19

Several tax authorities are extending their CRS and/or FATCA reporting deadlines relating to the 2020 reporting period due to the COVID-19 pandemic, similar to last year, which we then reported in a dedicated blog post. Also this year we ensure that you are kept up to date with the latest news regarding reporting deadlines in this dedicated blog post, so make sure to check in regularly.

Below you find an overview of all jurisdictions which to our knowledge are granting deadline extensions. For the sake of completeness, we have also included deadline extensions which are not mainly caused by the pandemic, such as for example the BVI, where an extension was given due to technical issues with the portal, or the UK, where no formal extension is given but penalties for late filings may be waived under certain circumstances. Extensions in additional countries are likely to follow in the coming weeks, often with relatively short notice.

(last updated 13 July 2021)

• Barbados: CRS and FATCA deadlines extended for prior year reports to 31 July 2021 (in line with the ordinary reporting deadline for reports concerning the reporting period 2020)
• Bermuda: CRS deadline extended from 31 May 2021 to 30 June 2021
• British Virgin Islands: CRS and FATCA deadlines extended from 31 May 2021 to 30 June 2021 (note: extension due to technical issues)
• Channel Islands: No deadline changes for CRS and FATCA (deadline remains 30 June 2021)
• China: CRS deadline extended from 31 May 2021 to 16 June 2021
• India: CRS and FATCA deadlines extended from 31 May 2021 to 30 June 2021
• Liechtenstein: CRS and FATCA deadline extended from 30 June 2021 to 31 July 2021
• Malta: CRS and FATCA deadline extended from 30 April 2021 to 30 June 2021
• Panama: CRS deadline extended from 31 July 2021 to 31 August 2021
• Taiwan: CRS and FATCA deadlines extended from 30 June 2021 to 2 August 2021
• UK: The formal deadline 31 May 2021 remains, however where returns are made late, no penalties are due where there is a reasonable excuse for the delay and returns are made without unreasonable delay once that excuse has ceased.

Please do not hesitate to get in touch with our CRS & FATCA experts if you have any questions about CRS or FATCA reporting. The AEoI services we provide include advice, classification, due diligence and reporting – helping you to stay on top of your obligations.