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The Inland Revenue Department (IRD) of Saint Kitts & Nevis on May 12, 2025, issued an Industry Advisory informing financial institutions that the common reporting standard (CRS) reporting deadline has been extended to July 15, 2025, for the 2024 reportable period. The FATCA reporting deadline remains unchanged, set for August 29, 2025.

In previous years, the CRS and FATCA reporting deadlines were aligned. However, this year, IRD has adjusted the CRS deadline to allow additional time for a thorough review of information submitted via the automatic exchange of information (AEOI) portal and to communicate any required corrections well ahead of the transmission deadline.

The IRD reminds financial institutions that, although the legislated reporting deadline for CRS is May 31, extensions have been granted in previous years solely at the Comptroller’s discretion. These extensions should not be considered automatic or recurring, as they have been provided to support financial institutions in effectively managing the gap between multiple reporting obligations.

Additionally, financial institutions are encouraged to use the extended period to ensure the accuracy and completeness of their reports. The IRD also recommends reviewing previous advisories, particularly those related to taxpayer identification number (TIN), date of birth, undocumented accounts, as well as reviewing the .

Read a May 2025 report prepared by the ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø member firm in the Caribbean region