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



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.