Singapore: FATCA and CRS returns due by 31 May 2024; updated CRS self-review tool
Tool can be used by to determine CRS entity classification and check CRS registration requirement
Tool can be used by to determine CRS entity classification
The Inland Revenue Authority of Singapore (IRAS) on 6 May 2024 announced that all reporting Singaporean financial institutions must submit their FATCA and common reporting standard (CRS) return(s) for calendar year 2023 by 31 May 2024.
IRAS also announced that the CRS Entity Classification Self-Review Toolkit has been updated to facilitate the online self-review process. This tool can be used by entities to determine their CRS entity classification and check if they are required to register for CRS.
Read a May 2024 report prepared by the KPMG member firm in Singapore
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