Foreign Account Tax Compliance Act (“FATCA”) & Common Reporting Standard (“CRS”) Update Alert

In December 2021, the Inland Revenue Authority of Singapore (“IRAS”) announced some updates in relation to both FATCA and CRS penalties and other FATCA and CRS compliance obligations on their webpages. We have prepared a tax alert that provides a brief overview of how these updates may affect you and your business. Download the tax alert to learn more.