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Singapore to Allow Voluntary CbC Report Filing for the 2016 Fiscal Year

|Proposed Changes|Singapore
Singapore

According to a 20 December 2016 update to the Country-by-Country (CbC) reporting webpage on the Inland Revenue Authority of Singapore (IRAS) website, IRAS is planning to accept voluntary filing of CbC reports. Singapore's CbC reporting requirements will apply from 1 January 2017 ({News-2016-10-12/P/2- previous coverage}), while several other jurisdictions already require CbC reports for fiscal years beginning on or after 1 January 2016. To address the transition issue, affected Singapore-hea…

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