IRAS extends FATCA and CRS filing deadlines in light of COVID-19

May 15, 2020 – Consistent with international practices to help financial institutions in light of the COVID-19 situation, the Inland Revenue Authority of Singapore (IRAS) has automatically extended the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) filing deadlines to August 31, 2020.

Reporting Singapore financial institutions (SGFI) to submit their FATCA return(s) by August 15, 2020 to allow sufficient time to resolve any unexpected issues and reporting SGFIs that can file their FATCA return(s) earlier by May 31, 2020 should continue to do so.

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