14 June 2017

Singapore’s Competent Authority Agreements (CAA) agreements to exchange financial information for tax purposes under the Common Reporting Standard (CRS) with Denmark, Estonia, Lithuania and New Zealand have entered into force on 5 June 2017.

The first exchange will take place by September 2018. The first submission required from Singapore-based FIs (SGFIs) to IRAS is by 31 May 2018 for the calendar year 2017.

The full text of the CAAs are available on the IRAS website.

Source: Inland Revenue Authority of Singapore (IRAS)