Singapore: Updated FATCA technical guidance and FAQs

Clarification on populating foreign tax identification number (TIN) for an entity account holder that is not a U.S. person

Clarification on populating foreign TIN for entity account holder that is not U.S. person

The Inland Revenue Authority of Singapore (IRAS) on 23 February 2022 issued the fourth version of the “IRAS Supplementary XML Schema User Guide for Preparing the FATCA Reporting Data File.”

The guide is updated to amend paragraph 7.3 to provide clarification on populating a foreign tax identification number (TIN) for an entity account holder that is not a U.S. person.

Additionally, the IRAS updated its FATCA “frequently asked questions” (FAQs) as follows:

  • Added FAQ B.7: If an account holder type is FATCA101 or FATCA102, the account holder/ organisation/ TIN element can have a “TIN issuedBy” value that is a non-U.S. issued TIN. This value is not applicable for other account holder types. The acceptable TIN value consists of alphanumeric and unprohibited symbols.

Read a March 2022 report [PDF 140 KB] prepared by the KPMG member firm in Singapore


The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.