Singapore issues updates to FATCA reporting information

On 18 September 2015, the Inland Revenue Authority of Singapore (IRAS) issued updates regarding the transmission of FATCA reports to the IRAS, via the International Data Exchange Services (IDES) within Section 4 of its FATCA page (Link). More precisely, Reporting Singapore FIs will transmit their FATCA reports to IRAS via the IDES Gateway and will be able to upload and transmit a file using web UI or SFTP. Reporting Singapore FIs will also receive alerts from IDES regarding the submission of FATCA reports. This is in addition to the General FAQs (Link) FATCA Filing FAQs (Link), both of which were last updated on 2 September.

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