Day: October 15, 2016

IRAS has recently entered into agreements with Australian and United Kingdom tax authorities on the automatic exchange of financial account information (“AEOI”) based on the Common Reporting Standard (“CRS”). The CRS is an internationally agreed standard for AEOI, endorsed by the OECD and the Global Forum for Transparency and Exchange of Information for Tax Purposes… Continue reading Automatic Exchange of Information and Sharing of Data to Combat Tax Evasion