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IRAS Updates Average Exchange Rate Tool for Preparing Tax Computations

|Approved Changes|Singapore
Singapore

The Inland Revenue Authority of Singapore (IRAS) has updated its Preparing a Tax Computation webpage with the upload of an updated Exchange Rate Search Function (XLSX), covering financial years ending 2021 to 2025. The search function allows taxpayers that prepare tax computations in functional currencies other than Singapore dollars to retrieve the average exchange rate and convert the foreign currency amount to Singapore dollars.

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