Singapore legislation

Regulation 2

of Income Tax (International Tax Compliance Agreements) (Common Reporting Standard) Regulations 2016

Regulation 2

Implementation of Agreement

Subregulation 1

These Regulations implement the Standard for Automatic Exchange of Financial Account Information in Tax Matters (for the wider approach) developed and published by the Organisation for Economic Co‑operation and Development, commonly known as the Common Reporting Standard (called in these Regulations the CRS), for the purpose of giving effect to —

(a)

any competent authority agreement that is declared as an international tax compliance agreement under section 105K(1) of the Act; or

(b)

any future competent authority agreement that may be declared as an international tax compliance agreement under that section.

Subregulation 2

The CRS is set out in the Schedule.

Read in full context — Income Tax (International Tax Compliance Agreements) (Common Reporting Standard) Regulations 2016 →