Singapore Announces Entry into Force of Reciprocal FATCA Agreement with the U.S.

On 28 August 2020, the Inland Revenue Authority of Singapore announced the entry into force of the reciprocal FATCA agreement with the United States.

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Entry into Force of Reciprocal FATCA IGA with The United States of America

28 Aug 2020

1. The reciprocal Foreign Account Tax Compliance Act Model 1 Intergovernmental Agreement (reciprocal FATCA IGA) between Singapore and the United States of America, signed on 13 November 2018, will enter into force on 1 January 2021.
2. The reciprocal IGA pr…