Singapore and Australia to Share Data to Reduce Tax Evasion

6 September 2016, the Inland Revenue Authority of Singapore (IRAS) and the Australian Taxation Office (ATO) entered into a Competent Authority Agreement on the automatic exchange of financial account information based on the Common Reporting Standard (CRS). They will commence exchange under the CRS by September 2018.  Under the agreement, IRAS will automatically exchange with…

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