CRS Updates from Singapore

On October 31, 2025, the Singapore Inland Revenue Authority (IRAS) announced it has published updates to the Fourth edition of the Common Reporting Standard (CRS) e-Tax Guide, IRAS FAQs on CRS, and Second edition of the Common Reporting Standard (CRS) Compliance e-Tax Guide. The content of the IRAS announcements are below.

"Fourth edition of the Common Reporting Standard (CRS) e-Tax Guide (PDF, 997KB) published with the following changes.

Amended paragraphs 5.2.1 to 5.2.4 to clarify the rules on determining whether an FI is resident in Singapore for CRS purposes in line with the OECD CRS Commentary.

Amended paragraph 5.5.2 to update the meaning of Investment Entity to align with the CRS Regulations.

Amended paragraph 12.3.2 to clarify that the reference to TINs also refer to the functional equivalent in the absence of a TIN.

Other editorial changes in the e-Tax Guide."

"IRAS FAQs on CRS (pdf, 457KB) Update FAQ B.2: To provide clarity on instances where trustees are considered to be resident in Singapore."

"Second edition of the Common Reporting Standard (CRS) Compliance e-Tax Guide (PDF, 489KB) published with the following changes.

Inserted a new paragraph 1.6 to highlight that more information on compliance matters can be found at IRAS website.

Amended Annex A, paragraph 13 of section 1 to include change in IT systems as a change that could impact effective CRS compliance by the Reporting SGFI.

Other editorial changes in the e-Tax Guide."

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