Regulation 12

A reporting Singaporean crypto‑asset service provider must, in respect of calendar year 2027 and every following calendar year, prepare and provide to the Comptroller, or a person authorised by the Comptroller under section 105L(1) of the Act, a return setting out all the information that a reporting crypto‑asset service provider is required to report under Section II of the CARF, as modified by regulation 4.

If, during the calendar year in question, the reporting Singaporean crypto‑asset service provider has not effectuated any relevant transaction for any crypto‑asset user that is a reportable user or that has a controlling person that is a reportable person, the return under paragraph (1) must state that fact.

The reporting Singaporean crypto‑asset service provider must provide a return under this regulation to the Comptroller or a person authorised by the Comptroller under section 105L(1) of the Act, on or before 31 May of the year following the calendar year to which the return relates, or by such later date as the Comptroller may permit.

The return must be provided in the form and manner described on the IRAS Internet website.

A return which is made otherwise than in accordance with paragraphs (3) and (4) is treated as not having been made.

For the purpose of paragraph (1), the definitions in Section IV of the CARF apply as modified by regulation 4.

In the case of a reporting Singaporean crypto‑asset service provider that is a trust, a requirement under paragraph (1) (read with paragraphs (3) and (4)), or paragraph (2) (read with paragraphs (3) and (4)) must be complied with by the trustee of the provider.

A requirement under —