The Inland Revenue Authority of Singapore has published updated e-Tax Guides regarding financial account reporting requirements under the OECD Common Reporting Standard (CRS) and the U.S. Foreign Account Tax Compliance Act (FATCA).
IRAS e-Tax Guide Common Reporting Standard (Second Edition)
1 Aim
1.1 The Common Reporting Standard (CRS) is an internationally agreed standard for the automatic exchange of financial account information between jurisdictions for tax purposes, to better comba…