News


JANUARY 2017

Singapore signs automatic exchange of financial account information in tax matters with Ireland, Latvia and New Zealand.

Singapore continues its commitment to implement the Common Reporting Standard (CRS). Singapore-based financial institutions will be required to transmit to tax authorities CRS information of their account holders who are tax residents of jurisdictions that Singapore has a Competent Authority Agreement for CRS with.

It's most recent agreement's are the ones signed with Ireland and Latvia on December 20 and New Zealand on December 22. As of latest agreements, the first exchange of information is also scheduled for September 2018.