The impact of the COVID-19 pandemic on CRS and FATCA reporting deadlines

Anna Szkudlarek
Anna Szkudlarek
Director, Head of Products
The impact of the COVID-19 pandemic on CRS and FATCA reporting deadlines

An overview of CRS and FATCA deadline extensions for the reporting period ending 31 December 2019 due to COVID-19

The COVID-19 pandemic has already caused extensions of the CRS and/or FATCA deadlines for the reporting period ending 31 December 2019 in several jurisdictions. Further extensions are likely to follow in the coming weeks or months.

We will keep you informed by providing an overview of all affected jurisdictions which to our knowledge are granting extensions: 

(last updated 1 July 2020)

  • Anguilla: FATCA deadline extended until 15 December 2020 and CRS deadline extended until 15 September 2020
  • Barbados: FATCA and CRS deadlines extended until 31 August 2020
  • Belgium: FATCA and CRS deadlines extended from 30 June 2020 to 30 September 2020
  • Belize: CRS deadline extended from 31 March 2020 to 30 April 2020
  • Bermuda: CRS deadline extended from 31 May 2020 to 31 August 2020
  • British Virgin Islands: CRS and FATCA deadlines extended from 31 May 2020 to 31 July 2020
  • Bulgaria: CRS and FATCA deadlines extended until 30 September 2020
  • Canada: CRS and FATCA deadlines extended from 1 May 2020 to 1 September 2020
  • Cayman Islands: CRS and FATCA deadlines extended from 31 July 2020 to 16 November 2020
  • Cyprus: CRS and FATCA deadlines extended from 30 June 2020 to 17 July 2020
  • France: CRS and FATCA deadlines extended until 15 October 2020
  • Guernsey: CRS and FATCA deadlines extended until 30 September 2020
  • India: CRS and FATCA deadlines extended from 31 May 2020 to 30 June 2020
  • Ireland: CRS and FATCA deadlines extended from 30 June 2020 to 30 September 2020
  • Isle of Man: CRS and FATCA deadlines extended from 30 June 2020 to 30 September 2020
  • Japan: The National Tax Agency advised reporting Financial Institutions to contact them in case the reporting deadline cannot be met due to the COVID-19 outbreak
  • Liechtenstein: CRS and FATCA deadlines extended from 30 June 2020 to 31 July 2020
  • Luxembourg: CRS and FATCA deadlines extended from 30 June 2020 to 30 September 2020
  • Malta: CRS and FATCA deadlines extended from 30 April 2020 to 30 June 2020
  • Mauritius: CRS and FATCA deadlines extended from 31 July 2020 to 30 September 2020
  • Oman: CRS deadline extended until 31 July 2020
  • Russia: CRS reporting deadline extended from 31 May 2020 to 31 August 2020
  • Qatar: CRS deadline extended from 31 July 2020 to 31 August 2020 and FATCA deadline extended to 30 November 2020
  • Saint Kitts and Nevis: CRS and FATCA deadlines extended until 30 November 2020
  • Saint Lucia: FATCA deadline extended until 15 September 2020 and CRS deadline extended until 15 October 2020
  • Saint Vincent & the Grenadines: deadlines for this year’s reporting cycle for the automatic exchange of information are suspended
  • Singapore: FATCA and CRS deadlines extended from 31 May 2020 to 31 August 2020
  • United Kingdom: CRS and FATCA deadlines will not be extended (31 May 2020). However, late returns due to the COVID-19 pandemic will not be subject to penalties.

In addition, the IRS  that the FATCA deadline for Reporting Model 2 FFI and Participating FFI will be extended from 31 March 2020 to 15 July 2020. In addition, the deadline for all  FATCA Model 1 IGA jurisdictions was extended from 30 September 2020 to 31 December 2020.

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.