Deadline extension for Principal Point of Contact (PPoC) information under the amended CRS
05 Feb 2026
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On 21 January 2026, the Cayman Islands Department for International Tax Cooperation (DITC) announced an extension for certain reporting deadlines under the Amended Common Reporting Standard (CRS). This applies to Cayman Financial Institutions (FIs) required to register and maintain information on the DITC Portal.
Key updates:
Extended deadline:
- The deadline for appointing a Principal Point of Contact (PPoC) and providing the date the entity became an FI has been extended to 31 January 2027.
- This applies to all Cayman FIs that are required to register and maintain information on the DITC Portal.
PPoC requirements:
- A PPoC must be a person (natural or legal) located in the Cayman Islands, authorised to act as the primary contact for CRS compliance.
- The PPoC must have a physical address in the Cayman Islands (not just a mailing address).
Submission process:
- PPoC details must be submitted and kept up-to-date via the DITC Portal using the prescribed forms.
- Incomplete submissions may be rejected or require follow-up.
This extension aims to ensure compliance while providing additional time for FIs to meet the updated requirements. The Industry Advisory can be found here
