The Inland Revenue Authority of Singapore (IRAS) has published an updated e-Tax Guide, Common Reporting Standard (Third Edition). The guide covers Singapore's implementation of the Common Reporting Standard (CRS), which is an internationally agreed standard for the automatic exchange of financial account information between jurisdictions for tax purposes, to better combat tax evasion and ensure tax compliance. Updates include clarifications on the definitions of "Participating Jurisdiction" and "Reportable Jurisdiction" to align with the CRS: Under the CRS, a Participating Jurisdiction is a jurisdiction (i) with which an agreement is in place pursuant to which it will provide the information specified...