New E-Tax Guide Singapore for Country by Country Reporting

InsightsNew E-Tax Guide Singapore for Country by Country Reporting

New e-Tax Guide Singapore for Country by Country Reporting.


We have new e-tax for Country by Country reporting that can help you with specific international reporting requirements. This new e-Tax guide is relevant to any Singapore-based multinational enterprise (MNE) that carries out international trading activities and has annual consolidated group revenue of at least S$1,125 million.

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The following terms are used in this e-Tax Guide:

AEOI Automatic exchange of information
BEPS Base Erosion and Profit Shifting
CbCR Country-by-Country Reporting
CbC Report Country-by-Country Report
FY 20XX Financial year beginning on or after 1 January 20XX (but before 1 January of the following year)
IRAS CbCR webpage This webpage provides information on CbCR and its implementation in Singapore
MNE Multinational enterprise
OECD Organisation for Economic Cooperation and Development
Reporting Entity / Reporting MNE The entity of an MNE group that is required to file a CbC Report
Singapore MNE group MNE group whose ultimate parent entity is tax resident in Singapore for the financial year in which the CbC Report is prepared (the first such year being FY 2017)



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