The Singapore tax administration this week published two documents—regulations and a guidebook—to instruct companies on how to apply its global minimum tax law.
The regulations were published Monday in the country’s legislative gazette.
The government on Tuesday also released a simplified guide on its global minimum tax rules, explaining the scope of its new law as well as several carve-outs and safe harbors that are part of the basic Pillar Two rules.
Singapore announced in its 2024 budget statement that it would apply two of the three global minimum tax rules starting on Jan. 1, 2025: a domestic ...
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