CRS and FATCA expert

Hot off the Press: On SRIP trusts, Singapore blinks… Or, is that a wink?

Peter Cotorceanu CRS, OECD, SRIP trusts

On 18 July, Singapore published adjustments to its OECD CRS FAQs (available here), featuring modification of the guidance on settlor reserved investment power (SRIP) trusts. In the prior version of the FAQ (as analysed in my blog of 25 April), the Inland Revenue Authority of Singapore (IRAS) stated in FAQ B.5 that a SRIP trust would not qualify as an …