The Inland Revenue Authority of Singapore (IRAS) announced on 15 May 2020 an extension of the deadline for filing reports in compliance with the U.S. Foreign Account Tax Compliance Act (FATCA) for the reporting year 2020 to 31 August 2020. Nevertheless, reporting financial institutions are encouraged to file the reports by the original due date of 31 May 2020 if possible, or by 15 August 2020 alternatively in order to allow time to resolve any unexpected issues.
Earlier, IRAS had on 6 May 2…