FATCA Compliance in Singapore
Foreign Account Tax Compliance Act (FATCA) was initiated and taken into practice by the US from the year 2010. This law was passed so that US Residents who are staying in foreign countries are able to make the payment of their due taxes on time. With use of FATCA Singapore, the US Government is able to extract information of all the accounts related to residents of USA in Singapore.
Singapore, September 25, 2015 (Newswire.com) - IRS Singapore
A person who belongs to the salaried class is interested to know about the benefits one can attain so that it can prove to be beneficial in the near future. With advancement of time and technology, online payment of income tax is getting popular. Income tax authorities are promoting payment of income tax online as it saves time and energy along with giving the user a chance of making their tax payment on time so that they can avail the benefits in the near future. With IRS Singapore, people can now easily get into the work process of paying the taxes on time.
FATCA Tax Singapore
For those who are making the payment of their taxes on time under FATCA Tax Singapore are able to get their refund with ease. Income tax authorities keep a check on those people who are making the payment of their taxes on time so that they are able to refund the taxes when they claimant applies for a refund. Those who are able to pay their taxes on time under FATCA Tax Singapore are able to manage their financial conditions in a better manner. This way you are also in the position to handle the emergencies in a better manner.