CRS Update History

IRAS has introduced a new digital service in myTax Portal to allow RSGFIs to view the status of their submitted CRS/FATCA returns. Please refer to the AEOI Digital Services webpage and the View CRS/FATCA Return Status Digital Service User Guide (PDF, 450KB) for more details.

List of Participating Jurisdictions (PDF 142KB) updated: the updated list will take effect from 31 March 2023.

No new jurisdictions have been added to the List of Participating Jurisdictions.

Kenya, Morocco and Trinidad and Tobago have been removed from the List of Participating Jurisdictions. Following the removal, a Change in Circumstances (“CIC”) would be triggered for Entity Account Holders that are Investment Entities where their tax residency is in such jurisdictions. As such, the Reporting SGFI cannot rely on the original self-certification and must obtain a new valid self-certification with details of the Controlling Person(s).

CRS Return Filing For Reporting Year 2021

CRS Return Filing for Reporting Year 2020

Reminder: CRS XML Schema Version 2.0 has come into effect from 1 February 2021. All new, nil, corrected or deletion CRS Returns in XML format, including returns relating to Reporting Years 2017 to 2019, must be formatted and submitted using the CRS XML Schema Version 2.0 with effect from 1 February 2021.

Please refer to the CRS Data Format Section for the CRS XML Schema Version 2.0 and IRAS XML Schema User Guide (Third Edition) and updated List of IRAS CRS File and Record Level Errors.

Reporting SGFIs that intend to submit their CRS returns using Fillable PDF forms must use the CRS Fillable PDF Form Version 2.0 (PDF, 3,494KB) with effect from 1 February 2021.

CRS XML Schema Version 2.0 (Effective from 1 February 2021)

IRAS will adopt the CRS XML Schema Version 2.0 released by OECD with effect from 1 February 2021. All new, nil, corrected or deletion CRS Returns in XML format, including returns relating to Reporting Years 2017 to 2019, must be formatted and submitted using the CRS XML Schema Version 2.0 with effect from 1 February 2021.

To ensure a smooth transition to the new Schema, IRAS will not be accepting CRS Returns submitted between 25 January 2021 and 31 January 2021. IRAS will reject any CRS Returns submitted during this period.

Please refer to the CRS Data Format Section for the CRS XML Schema Version 2.0 and IRAS XML Schema User Guide (Third Edition).

Consistent with international practices to help financial institutions in light of the COVID-19 situation, IRAS is automatically extending the CRS filing deadline for Reporting Year 2019 to 31 Aug 2020. We encourage Reporting SGFIs to submit their CRS return(s) by 15 Aug 2020 to allow sufficient time to resolve any unexpected issues.

Reporting SGFIs that can file their CRS return(s) earlier by 31 May 2020 should continue to do so. 

CRS Return Filing for the Reporting Year 2019 will commence on 20 April 2020. All Reporting SGFIs must submit CRS return(s) to IRAS, setting out the required information in relation to every Reportable Account that was maintained in Calendar Year 2019, by 31 May 2020.

We encourage Reporting SGFIs to submit their CRS return(s) by 15 May 2020 to allow sufficient time to resolve any unexpected issues.

Please refer to the CRS Filing section for more information.

List of Reportable Jurisdictions (PDF, 464KB) for 2019 CRS reporting published.

Reporting SGFIs are to submit 2019 CRS information by 31 May 2020

Part B of the XML Schema User Guide has been updated.

The list of IRAS' CRS File and Record Level Errors is available at CRS Filing. 

Reporting SGFIs can now authorize their staff and/or Third Party to access the new AEOI e-Services. You may refer to the Quick Guide to the newly launched e-Services for more details.

You can refer to the AEOI e-Services page for more information.

The "Submit CRS Return" module for Reporting SGFIs to submit their CRS Returns for Reporting Year 2017 will be launched in the second half of April 2018 (updated on 21 March 2018). 

The first edition of the finalised XML Schema User Guide for CRS Return is available.

You can refer to the Summary of Responses (PDF, 291KB) to the common public feedback received on the draft User Guide.

Reporting SGFIs can now submit an application to IRAS for CRS Registration via the Apply for CRS Registration e-Service.

You may refer to CRS registration requirements for more information.

25 August 2017

IRAS is inviting public feedback on the draft IRAS CRS e-Tax Guide.

The public consultation will be from 25 August to 25 September 2017.

Reporting SGFIs can submit an application for CRS Registration from 31 August 2017.

An entity that is or becomes a Reporting SGFI at any time between 1 January 2017 and 31 December 2017 (both dates inclusive) must apply for CRS Registration by 31 March 2018.

12 June 2017

IRAS is inviting public feedback on the draft IRAS CRS Return XML Schema User Guide (“draft User Guide”). This draft User Guide explains the information required to be included in each CRS data element of the XML Schema when reporting to IRAS.

The public consultation will be from 12 June 2017 to 12 July 2017.

The Competent Authority Agreements for CRS with Denmark, Estonia, Lithuania and New Zealand entered into force on 5 June 2017.

With the above, the respective jurisdictions will be regarded as “Reportable Jurisdictions”. SGFIs will have to transmit to IRAS the financial account information of accounts held by persons that are tax residents of the above Reportable Jurisdictions, with the first submission due by 31 May 2018.

The Competent Authority Agreements for CRS with Australia, Korea, Italy, Canada and Latvia entered into force on 27 February 2017. 

With the above, the respective jurisdictions will be regarded as "Reportable Jurisdictions". SGFIs will have to transmit to IRAS the financial account information of accounts held by persons that are tax residents of the above Reportable Jurisdictions, with the first submission due by 31 May 2018.

The Competent Authority Agreements for CRS with United Kingdom, Japan, South Africa, Norway, Finland, Netherlands, Iceland, Malta and Ireland entered into force on 31 January 2017.

With the above, the respective jurisdictions will be regarded as "Reportable Jurisdictions". SGFIs will have to transmit to IRAS the financial account information of accounts held by persons that are tax residents of the above Reportable Jurisdictions, with the first submission due by 31 May 2018.

Singapore and New Zealand Sign Agreement for Automatic Exchange of Financial Account Information

IRAS FAQs updated. Regulation 11(2) (j) of the CRS Regulations will be amended to align it with the OECD CRS Commentary