The Inland Revenue Authority of Singapore recently published two updates to their FATCA page. The first update is a reminder that the filing deadline for reporting Singapore FIs passed on May 31, 2017 for the 2016 reporting year. All FIs who have not done so must report 2016 information immediately, and due to the delay will face enforcement action.
The second posting was an update to the FATCA Filing Process FAQs. The update to this document involved the list of approved certificate authorities: the new published list will take effect from July 31, 2017. FIs holding valid certificates can continue to use those certificates until they expire.