Singapore: Updated CRS e-Tax Guide
Third edition of common reporting standard (CRS) e-Tax Guide
Third edition of common reporting standard (CRS) e-Tax Guide
The Inland Revenue Authority of Singapore (IRAS) on 12 January 2024 issued the third edition of the common reporting standard (CRS) e-Tax Guide.
The updated e-Tax Guide:
- Provides clarification on the definition of participating and reportable jurisdictions to align with the CRS
- Removes the paragraph on the transitional approach for participating jurisdictions due to its expiration
- Provides clarifications on the requirements to collect valid self-certifications for new accounts
- Updates the names of the respective Singapore’s Acts of Parliament throughout the e-Tax Guide
Read a January 2024 report [PDF 222 KB] prepared by the KPMG member firm in Singapore
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