IRAS – Updated Information About ORG_TIN Data Element and TIN values for Trustee-Documented Trust

September 21, 2020 – Singapore – IRAS made updates to ORG_TIN data element, TIN values for Trustee-Documented Trust and acceptable values for ‘AcctHolderType’ element.

1) Updated information about ORG_TIN data element:
For Entity Account Holder that is a U.S. Person, Reporting SGFI must report its U.S. TIN. Where the Entity Account Holder is not a U.S. Person (e.g. in the case of Passive NFFE), the ORG_TIN data element should be populated with a space.

(Before update: the ORG_TIN data element should be left blank)

2) Updated information about TIN values for Trustee-Documented Trust:
Trustee-Documented Trust – Enter the TDT Reference ID issued by IRAS in the following format: <Entity ID Type><Space><TDTReference Number>,e.g. “TDT 1234567890”
(Before update: Trustee-Documented Trust – Enter the TDT Reference ID issued by IRAS.)

3) Updated list of applicable values for ‘AcctHolderType’ element – added FATCA101:
For reporting to IRAS, only the following values are applicable:
FATCA101 Owner-Documented FFI with specified U.S. owners
FATCA102 Passive NFFE with U.S. controlling persons
FATCA104 Specified U.S. person
(Before update: only FATCA102 and FATCA104 were applicable)

For more information, please visit IRAS.



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