Date
| What's new
|
|---|
| 23 July 2019 | New CRS Compliance section published.
More information is available here. |
| 23 July 2019 | First edition of CRS Compliance Guidelines e-Tax Guide published.
The IRAS CRS Compliance Guidelines e-Tax Guide is available here (PDF, 1,145KB). |
| 23 July 2019 | First edition of CRS e-Tax Guide published.
The IRAS CRS e-Tax Guide is available here (PDF, 1702KB). |
| 22 April 2019 | Reporting SGFIs may start submitting their CRS returns for Reporting Year 2018.
More information can be found here.
|
| 22 April 2019 | IRAS CRS FAQs (PDF, 899KB) document updated: updates were made to FAQs C.6, G.1 and G.2, and a new FAQ F.10 was added. |
| 22 April 2019 | IRAS CRS Registration FAQs (PDF, 601KB) document updated: updates were made to FAQs 7, 8 and 15. |
| 20 March 2019 | Entities can use the CRS Entity Classification
self-review tool (ZIP, 191KB) to determine their CRS entity classification, and check if they are required to register for CRS. |
| 6 March 2019 | List of Reportable Jurisdictions (PDF, 483KB) for 2018 CRS reporting updated.
|
28 February 2019
| List of Reportable Jurisdictions (PDF, 477KB) for 2018 CRS reporting published: Reporting SGFIs are to submit 2018 CRS information by 31 May 2019. |
| 28 February 2019 | List of Participating Jurisdictions (PDF, 352KB) updated: The updated list will take effect from 1 March 2019. |
| 31 August 2018 | From 1 September 2018, CorpPass will be the only
login method for online corporate transactions with the Government. You must
first be authorised via CorpPass before you can log in to AEOI e-Services via
myTax Portal. Follow the step-by-step guides
on how to set up CorpPass. |
| 25 April 2018 |
Reporting
SGFIs may start submitting their CRS returns for Reporting Year 2017.
More information can be
found here. |
| 25 April 2018 | A Quick
Guide to CRS Return Submission has been prepared
for Reporting SGFIs to get instructions on how to submit their
CRS returns. |
| 9 April 2018 | OECD CRS
Implementation Handbook - 2nd edition of the Handbook has been
published
|
| 9 April 2018 | List of
Reportable Jurisdictions for 2017 CRS reporting updated: Reporting
SGFIs are to submit CRS information for the new jurisdictions added to the list
by 31 August 2018. |
| 21 March 2018 |
Part B of the XML Schema
User Guide (PDF, 2,031KB) has been updated.
The list of IRAS' CRS File
and Record Level Errors is available here. |
| 27 February 2018 | Notice issued to Financial Institutions on CRS
Registration (PDF, 142KB) - IRAS has issued a notice to all FIs in
Singapore reminding them of the CRS registration obligation. |
| 27 February 2018 | A Quick Guide
to CRS Registration has been prepared for entities to check if they
are required to register and to get instructions on how to register. |
| 13 February 2018 |
Reporting SGFIs can
now authorize their staff and/or Third Party to access the new AEOI e-Services.
A Quick Guide to the newly launched e-Services can be found here.
More information on
the AEOI e-Services can be found here.
The "Submit CRS Return"
module for Reporting SGFIs to submit their CRS Returns for Reporting Year 2017
will be launched in the second half of April 2018 (updated on 21 March
2018). |
| 12 January 2018 | List of Reportable
Jurisdictions for 2017 CRS reporting published: Reporting SGFIs are
to submit CRS information for these jurisdictions by 31 May 2018. |
| 26 December 2017 | List of Participating
Jurisdictions updated: The updated list will take effect from 1
January 2018. |
| 24 November 2017 | An entity that is or becomes a Reporting SGFI at any time between 1
January 2017 and 31 December 2017 (both dates inclusive) are reminded to apply for CRS
registration by 31 March 2018. Reporting SGFIs are encouraged
to apply for CRS registration as early as possible to avoid the last minute
rush. A failure to comply with the registration requirement is an offence under
the CRS Regulations. |
| 24 November 2017 | IRAS CRS
Registration FAQs (PDF, 370KB) document updated: updates were made to FAQs 5,
6, 7, 8, 9, 10, 13 and 14. |
| 2 November 2017 | IRAS CRS FAQs
document updated: update was made to FAQ E.8. |
| 13 October 2017 |
The first edition of the finalised XML Schema
User Guide for CRS Return is available here.
The Summary of Responses to
the common public feedback received on the draft User Guide is available here (PDF, 291KB). |
| 13 October 2017 | IRAS CRS FAQs document updated: update was made to FAQ C.2. |
| 22 September 2017 | New exchange
relationships established under the CRS MCAA. |
| 31 August 2017 |
Reporting SGFIs can now submit an application
to IRAS for CRS Registration via the Apply for CRS
Registration e-Service.
More information on CRS
registration requirements can be found here. |
| 25 August 2017 |
IRAS is inviting public feedback on
the draft IRAS CRS e-Tax Guide.
The public consultation will be from
25 August to 25 September 2017.
More information can be found here. |
| 25 August 2017 | IRAS
CRS FAQs document updated: updates were made to FAQs E.23 and F.1. |
| 18 August 2017 |
Reporting SGFIs can submit an
application for CRS Registration from 31 August 2017.
An entity that is or becomes a
Reporting SGFI at any time between 1 January 2017 and 31 December 2017
(both dates inclusive) must apply for CRS Registration by 31 March 2018.
More information can be found here. |
| 18 July 2017 | IRAS CRS FAQs document
updated: updates were made to FAQs B.5, C.8, E.11A and E.23. |
| 17 July 2017 | Singapore
and Switzerland Sign Agreement for Automatic Exchange of Financial Account
Information. |
| 22 June 2017 | Singapore
signs Multilateral
Competent Authority Agreement on Automatic Exchange of Financial
Account Information. |
| 12 June 2017 |
IRAS is inviting public feedback on
the draft IRAS CRS Return XML Schema User Guide (“draft User Guide”). This
draft User Guide explains the information required to be included in each CRS
data element of the XML Schema when reporting to IRAS.
The public consultation will be from 12 June 2017 to 12 July 2017.
More information can be found here. |
| 7 June 2017 |
The Competent Authority Agreements
for CRS with Denmark, Estonia, Lithuania and New Zealand entered into force on
5 June 2017.
With the above, the respective jurisdictions will be regarded as “Reportable
Jurisdictions”. SGFIs will have to transmit to IRAS the financial account
information of accounts held by persons that are tax residents of the above
Reportable Jurisdictions, with the first submission due by 31 May 2018. |
| 4 May 2017 | Singapore
and Spain Sign Agreement for Automatic Exchange of Financial
Account Information |
| 10 April 2017 |
Singapore and Guernsey Sign Agreement
for Automatic Exchange of Financial Account Information.
|
| 10 April 2017 |
A CRS brochure has been prepared to help
account holders understand the salient features of CRS and how CRS affects
them. SGFIs may print the IRAS CRS brochure for account holders’ information.
The IRAS CRS brochure can be found here. |
| 10 April 2017 | IRAS CRS FAQs document updated: updates were
made to FAQs C.13, E.21 and E.22. A table setting out the past updates to the
document was added. |
| 4 April 2017 | The Income Tax (International Tax
Compliance Agreement) (Common Reporting Standard) Regulations 2016 “CRS
Regulations” have been amended and the amendments came into effect on 4 April
2017.
The
amendments to the CRS Regulations can be found here. |
27 March 2017
| Singapore and France Sign Agreement for Automatic Exchange of Financial Account Information
|
15 March 2017
| Singapore and Denmark Sign Agreement for Automatic Exchange of Financial Account Information
|
13 March 2017
| Singapore Signs Agreements with Belgium and Luxembourg for Automatic Exchange of Financial Account Information
|
27 February 2017
| The Competent Authority Agreements for CRS with Australia, Korea, Italy, Canada and Latvia entered into force on 27 February 2017.
With the above, the respective jurisdictions will be regarded as "Reportable Jurisdictions". SGFIs will have to transmit to IRAS the financial account information of accounts held by persons that are tax residents of the above Reportable Jurisdictions, with the first submission due by 31 May 2018.
|
24 February 2017
| Singapore and Lithuania Sign Agreement for Automatic Exchange of Financial Account Information
|
15 February 2017
| Singapore and Estonia Sign Agreement for Automatic Exchange of Financial Account Information
|
15 February 2017
| IRAS CRS FAQs document updated: updates were made to FAQs A.1, C.8, D.1 and E.3, and 2 new FAQs (E.20 and E.21) were added.
|
31 January 2017
| The Competent Authority Agreements for CRS with United Kingdom, Japan, South Africa, Norway, Finland, Netherlands, Iceland, Malta and Ireland entered into force on 31 January 2017.
With the above, the respective jurisdictions will be regarded as "Reportable Jurisdictions". SGFIs will have to transmit to IRAS the financial account information of accounts held by persons that are tax residents of the above Reportable Jurisdictions, with the first submission due by 31 May 2018.
|
31 January 2017
| A media release on the Common Reporting Standard and how account holders may be affected was issued on 6 January 2017.
The media release can be found here.
|
30 December 2016
| Notice issued to Financial Institutions on Implementation of the Common Reporting Standard ("CRS") with Effect from 1 January 2017 (PDF, 482KB)
|
23 December 2016
| Singapore and New Zealand Sign Agreement for Automatic Exchange of Financial Account Information
IRAS FAQs updated. Regulation 11(2) (j) of the CRS Regulations will be amended to align it with the OECD CRS Commentary
|
| 21 December 2016 | Singapore signs Agreements with Ireland and
Latvia for Automatic Exchange of Financial Account Information |
| 19 December 2016 | Singapore and Malta Sign Agreement for Automatic
Exchange of Financial Account Information |
| 15 December 2016 | Singapore and Iceland Sign Agreement for
Automatic Exchange of Financial Account Information |
| 8 December 2016 | Enactment of the Income Tax (International Tax Compliance
Agreement) (Common Reporting Standard) Regulations 2016 |
| 8 December 2016 | Singapore and Netherlands Sign Agreement for
Automatic Exchange of Financial Account Information |
| 23 November 2016 | Singapore and Finland Sign Agreement for
Automatic Exchange of Financial Account Information |
| 16 November 2016 | Singapore and Canada Sign Agreement for
Automatic Exchange of Financial Account Information
|
| 8 November 2016 | Singapore and Italy Sign Agreement for Automatic
Exchange of Financial Account Information |