Singapore Inland Revenue Authority Updates Guidance on CbC Reporting

The Singaporean Inland Revenue Authority May 30 updated guidance on country-by-country (CbC) reporting by multinational enterprises. The updates include: 1) clarifications on total revenue, tax paid, and tax accrual calculations; and 2) instructions to indicate if a company’s financial period is more than or less than 12 months. [Singapore, Inland Revenue Authority of Singapore, 05/30/18]

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