The Inland Revenue Authority of Singapore recently published FAQs on Spontaneous Exchange of Information. The FAQs include the following: --- 1. Why did Singapore commit to the spontaneous exchange of information on certain rulings under the OECD framework? Singapore is a member of the Inclusive Framework (IF) for the global implementation of the BEPS Project. The spontaneous exchange of information on certain rulings is a minimum standard under the BEPS Project to be implemented by IF members. 2. Who will Singapore spontaneously exchange the information with? Singapore will spontaneously exchange information with a jurisdiction only if that jurisdiction: has a...