The treasury intelligence potential of FATCA
May 5, 2015
FATCA compliance deadlines "pushed back" in Asia
Deadlines for FATCA submissions on 2014 data have been pushed back in Singapore, while compliance experts say the complexity of intergovernmental agreements (IGAs) will cause broader delays across Asia.
Singapore’s Inland Revenue Authority (IRA) on April 17 gave extra breathing room for several deadlines on its filing guide for the US Foreign Account Tax Compliance Act (FATCA) for Singapore-based financial institutions (SGFIs). The regulation requires treasurers to supply additional reporting to their banking partners.
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