Singapore signs automatic exchange of financial account information in tax matters with The Netherlands

Singapore continues its commitment to implement the Common Reporting Standard (CRS). Singapore-based financial institutions will be required to transmit to tax authorities CRS information of their account holders who are tax residents of jurisdictions that Singapore has a Competent Authority Agreement for CRS with.

It's most recent agreement is the one signed with The Netherlands on December 8. As of latest agreements, the first exchange of information is also scheduled for September 2018.