Singapore: CRS registration deadline is 31 March 2021

Singapore: CRS registration deadline is 31 March 2021

The Inland Revenue Authority of Singapore (IRAS) announced that the common reporting standard (CRS) registration deadline for entities that became a “reporting Singapore financial institution” between 1 January 2020 and 31 December 2020 (both dates inclusive) is 31 March 2021.

1000

Related content

  • IRAS reminded taxpayers about the use of CRS XML schema version 2.0, beginning 1 February 2021.
  • All CRS files—including new, nil, corrected or deletion in XML format, including returns related to reporting years from 2017 to 2019—must be submitted according to CRS XML schema version 2.0 beginning 1 February 2021.

Further, reporting Singapore financial institutions submitting CRS returns using a fillable PDF form must use CRS fillable PDF form version 2.0, effective 1 February 2021.

Read a February 2021 report [PDF 77 KB] prepared by the KPMG member firm in Singapore

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal