On May 12, 2021 the Inland Revenue Authority of Singapore (IRAS) informed that (PICs) that meet certain criteria may qualified for a simplified CRS and FATCA registration and reporting.
More details will be found under the following links:
CRS Registration and Filing requirements bit.ly/3oaqway and
FATCA Registration and Filing requirements bit.ly/3oa7dhE
Please be reminded that the Reporting deadline for CRS and FATCA reporting is May 31, 2021 for the calendar year 2020.