Foreign Account Tax Compliance Act Cayman Islands Update The Cayman Islands Department of International Tax Cooperation (“DITC”) has further extended the due dates for submitting Foreign Account Tax Compliance Act (“FATCA”) notifications and reports to the Cayman Islands Tax Information Exchange Authority (“TIA”). As per the latest news and updates issued by the DITC, notifications are due by Thursday, May 21st; and returns may be reported by Friday, June 12th. The latest due dates are an extension to the dates referenced in the DITC Industry Advisory released on April 27, 2015. Financial institutions with reporting obligation are required to make…