• Marco Zawar MBA/LLM (Tax)

Reciprocal FATCA IGA between Singapore and the US will enter into force on January 1, 2021

The Inland Revenue Service of Singapore (“IRAS”) informed in a media release today, that the reciprocal FATCA IGA signed between #Singapore and the #US in November 13, 2018 will enter into force on January 1, 2021.

In addition, the #IRAS released updates their CRS FAQs adding C.14 “Depository Accounts held by a payment service provider that provides e-money issuance and/or account issuance services under the Payment Services Act 2019” and D.7 “Controlling Persons: Equity Interest holders in the case of a trust that is a SGFI “while removed FAQ H.1.

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