On 13 November 2018, Singapore has signed a Tax Information Exchange Agreement (TIEA) and a reciprocal Foreign Account Tax Compliance Act Model 1 Intergovernmental Agreement (reciprocal FATCA IGA) with the United States of America (USA).
The TIEA will permit Singapore and the USA to exchange information for tax purposes. The reciprocal IGA provides for the automatic exchange of information with respect to financial accounts under the USA’s Foreign Account Tax Compliance Act.
The TIEA will enter into force after its ratification by Singapore. The new reciprocal FATCA IGA will enter into force after its ratification by both countries and will supercede the current non0reciprocal one. The full texts of both the TIEA and the reciprocal FATCA IGA are available on the IRAS website.
Source: IRAS website, 18 November 2018