Entry into Force of Tax Information Exchange Agreement with the United States of America

6 Feb 2020

  1. The Tax Information Exchange Agreement (TIEA) between Singapore and the United States of America, signed on 13 November 2018, will enter into force on 5 March 2020.
  2. The TIEA will permit Singapore and the United States of America to exchange information for tax purposes. This enhances tax cooperation between the two countries. Both countries are also working on the ratification of the reciprocal Foreign Account Tax Compliance Act Model 1 Intergovernmental Agreement (reciprocal FATCA IGA) by the end of 2020. This new reciprocal IGA will supersede the current non-reciprocal one when it enters into force.
  3. The full text of the TIEA is available on the Inland Revenue Authority of Singapore’s website.

 

MINISTRY OF FINANCE

SOURCE: www.iras.gov.sg

Corporate Information

Metrika AG
Zurich office: Bleicherweg 50
8002 Zurich, Switzerland.
Telephone No.: +41 (0)44 512 5004

Altdorf office: Rathausplatz 5
6460 Altdorf, Switzerland.
Telephone No.: +41 (0)41 510 2029

Lugano office: Via Somaini 10
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Telephone No.: +41 (0)91 210 5700

Email address:  info@metrika.ch