On 1 February 2024, the Inland Revenue Authority of Singapore (IRAS) revised lists of the jurisdictions involved in reportable and participating jurisdictions in the automatic exchange of information (AEOI) regarding financial accounts under the common reporting standard (CRS). The Common Reporting Standard (CRS) 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.
List of Reportable Jurisdictions: New reportable jurisdictions added for reporting year 2023 include: 1) Aruba; 2) Bulgaria; 3) Kenya; 4) Saint Kitts and Nevis; and 5) Thailand and Antigua and Barbuda removed from the reportable jurisdictions list.
List of Participating Jurisdictions: The list of participating jurisdictions includes the addition of Kenya and Thailand. while Niue has been removed.
