On 28 August 2020, the Inland Revenue Authority of Singapore announced the entry into force of the reciprocal FATCA agreement with the United States. --- Entry into Force of Reciprocal FATCA IGA with The United States of America 28 Aug 2020 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. The reciprocal IGA provides for the automatic exchange of information with respect to financial accounts under the US’ Foreign Account Tax Compliance Act. This...