FATCA: Head’s Up 3301 Registered Singapore FIs
Singapore released its FATCA reporting nil paper form yesterday. The Inland Revenue Authority of Singapore (IRAS) requires nil reporting under FATCA. IRAS does not provide an online service or separate portal for manual input and reporting of FATCA data. Nil reporting can be accomplished through a paper form rather than through a complex electronic reporting process. 3301 Singapore Financial Institutions (FIs) have received Global Intermediary Identification Numbers (GIINs)