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HONG KONG SECOND EDITIONRead Achieve 3toREADING SUCCESS WITH100 ARTICLES Rich IssakAustralia Brazil Mexico Singapore United Kingdom United Statesjob3 .pdf (p1) 16, 2021 junContentsSTEAMrelated article: S
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The Singapore Statement urges global cooperation and accountability in combating tax evasion and promoting transparency in the financial system.
Entities engaged in cross-border transactions and those with foreign financial accounts are typically required to file the Singapore Statement.
To fill out the Singapore Statement, individuals and entities must provide detailed information about their financial accounts, foreign income, and any related transactions in the prescribed format.
The purpose of the Singapore Statement is to improve international tax compliance and ensure transparency in the reporting of foreign income and financial activities.
The information that must be reported includes personal identification details, financial account information, and foreign income details.
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