Deloitte Urges New Minimum Tax Guidance From Singapore

Singapore should use an upcoming budget to issue new guidance on the global minimum tax and expand an investment credit launched in the tax’s wake, Deloitte said Monday.

The new guidance should clarify the 15% global minimum tax’s filing requirements, including sequencing and interaction with existing reporting rules, ahead of the first compliance obligations coming into force this year, Liew Li Mei, international tax leader for Deloitte Singapore, said in a release.

“As filing due dates approach, the key issue is no longer the rules themselves, but how they will be applied in practice,” Liew said.
Singapore’s ...