Singapore legislation
Clause 12
Clause 12
Entity chargeable with MTT
An entity (called in this Act a chargeable entity) is chargeable with MTT for a financial year if —
(a)
the entity is a responsible member of an MNE group at any time in the financial year; (b)this Act applies to the MNE group for the financial year;
(c)
the entity holds an ownership interest in another constituent entity of the MNE group at any time in the financial year;
(d)
that other constituent entity is located in a jurisdiction outside Singapore or is a stateless entity, and has a top‑up amount for the financial year (called in this Act a relevant entity); and
(e)
the entity is located in Singapore.