Saint Kitts and Nevis: FATCA and CRS reporting deadline extended to 29 August 2023
Reporting deadlines for FATCA and common reporting standard have been extended to 29 August 2023
Reporting deadlines for FATCA and CRS have been extended to 29 August 2023
The tax authority of Saint Kitts and Nevis on 6 June 2023, issued an industry advisory informing financial institutions that the reporting deadlines for FATCA and the common reporting standard (CRS) have been extended to 29 August 2023 (from 31 May 2023).
Financial institutions are reminded that, in addition to the tax identification number (TIN), the date of birth of each individual account holder and controlling person needs to be reported when such data is available in the records of the financial institutions.
For new accounts, this information must always be available in the self-certifications unless the reportable jurisdiction does not issue a TIN.
Further, financial institutions need to follow the name format for filling FATCA and CRS returns for the 2022 reporting period.
Read a June 2023 report [PDF 310 KB] prepared by a KPMG member firm in the Caribbean region
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